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688 Manhattan Avenue

Tony Namdar Leases Retail Space At 688 Manhattan Avenue Brooklyn To Nightshift Vintage For $120/ft
LEASEDRetail

Tony Namdar Leases Retail Space At 688 Manhattan Avenue Brooklyn To Nightshift Vintage For $120/ft

688 Manhattan Avenue

$120

$120/SF

Building Size

600 SF

Asset Type

Retail

Closing

May 31, 2026

AI

This retail asset located at 688 Manhattan Avenue in Brooklyn has a square footage of 600. The landlord for this property is Tony Namdar. The asking rent for this asset is set at $120 per square foot, under a Single Net Lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $120/ft
  • Address: 688 Manhattan Avenue
  • Market: Brooklyn
  • Landlord: Tony Namdar
  • Tenant: Nightshift Vintage
  • Lease Type: Single Net Lease
  • Broking Agents: Noam Aziz & Joaquin Carrillo - Meridian Capital Group

In this transaction, Noam Aziz and Joaquin Carrillo from Meridian Capital Group represent the parties involved. The deal culminates with Nightshift Vintage as the tenant entering into a lease with Tony Namdar, highlighting the collaboration between the landlord and the tenant through their respective representatives.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

238 deals

Broker

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93