Tony Namdar Leases Retail Space At 688 Manhattan Avenue Brooklyn To Nightshift Vintage For $120/ft
688 Manhattan Avenue
Building Size
600 SF
Asset Type
Retail
Closing
May 31, 2026
About this deal
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.
On the Map
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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93