UPstager Leases Retail Space At 657 Meeker Avenue Brooklyn With Cole Kleppinger As Tenant's Representative
657 Meeker Avenue
$53
$53/SF
Building Size
847 SF
Asset Type
Retail
Closing
Sep 25, 2025
About this deal
AI
The property asset involved in this lease transaction is a retail space located at 657 Meeker Avenue in Brooklyn. The lease encompasses an area of 847 square feet, with an asking rent of $53 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Date: 9/26/2025
- Landlord: Marlon Lerer - Cedar Park Capital
- Tenant: UPstager
- Tenant's Representative: Cole Kleppinger - Meridian Capital Group
- Broker: James Famularo - Meridian Capital Group
The key individuals involved in this transaction include Marlon Lerer representing Cedar Park Capital as the landlord and Cole Kleppinger and James Famularo both from Meridian Capital Group representing the tenant and acting as the broker, respectively.
On the Map
$53
$53/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
299301.89%
Cash-on-Cash
-85541.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93