Tony Namdar Leases Retail Space To Stress Management Clothing Shop At 690 Manhattan Avenue
690 Manhattan Avenue
$107
$107/SF
Building Size
675 SF
Asset Type
Retail
Closing
Jun 15, 2026
About this deal
AI
The property is a retail space located at 690 Manhattan Avenue in Brooklyn. The asset encompasses a total square footage of 675 and is leased under a Modified Gross Lease at an asking rent of $107 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $107/ft
- Address: 690 Manhattan Avenue
- Market: Brooklyn
- Landlord: Tony Namdar
- Tenant: Stress Management Clothing Shop
- Landlord's Representative: Joaquin Carrillo & Noam Aziz - Meridian Capital Group
- Tenant's Representative: Edmund Shammah - Safdie Realty Group
- Lease Type: Modified Gross Lease
- Square Footage: 675
Safdie Realty Group (SRG) specializes in landlord and tenant representation across Brooklyn, the Bronx, Manhattan, and Queens. For expert assistance in leasing spaces or finding ideal locations, one can contact Joey Kafif and Edmund Shammah at their respective email addresses.
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
148252.34%
Cash-on-Cash
-42370.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93