Michael Gani Leases Retail Space To Paris Baguette At 621 Brighton Beach Avenue
621 Brighton Beach Avenue
$96
$96/SF
Building Size
3,500 SF
Asset Type
Retail
Closing
Sep 21, 2025
About this deal
AI
The property involved in this lease transaction is located at 621 Brighton Beach Avenue in the Brighton Beach market. The asset type is retail, and it encompasses a space of 3,500 square feet. The asking rent for this property is set at $96 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $96/ft
- Square Footage: 3,500 SF
- Lease Type: Retail Lease
- Landlord: Michael Gani
- Tenant: Paris Baguette
- Brokers: Jack Khaski & Albert Manopla - KSR
- Lease Date: 9/22/2025
The key individuals involved in this transaction include landlord Michael Gani and tenant Paris Baguette. The leasing transaction was represented by brokers Jack Khaski and Albert Manopla from KSR, facilitating the agreement between the parties involved.
On the Map
$96
$96/SF
Retail
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Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
165239.58%
Cash-on-Cash
-47225.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93