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621 Brighton Beach Avenue

Michael Gani Leases Retail Space To Paris Baguette At 621 Brighton Beach Avenue
LEASEDRetail

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

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.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

89 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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