Tony Namdar Leases Retail Space To Tyler Suede Designer At 690 Manhattan Avenue In Brooklyn
690 Manhattan Avenue
$120
$120/SF
Building Size
600 SF
Asset Type
Retail
Closing
May 31, 2026
About this deal
AI
The retail property located at 690 Manhattan Avenue in Brooklyn features a lease arrangement with a total square footage of 600 SF. The asking rent for this space is set at $120 per square foot, establishing the terms under a Single Net Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120/ft
- Square Footage: 600
- Address: 690 Manhattan Avenue
- Market: Brooklyn
- Landlord: Tony Namdar
- Tenant: Tyler Suede Designer
- Brokers: Noam Aziz & Joaquin Carrillo - Meridian Capital Group
This transaction is represented by Noam Aziz and Joaquin Carrillo from Meridian Capital Group, who facilitated the lease agreement between the landlord, Tony Namdar, and the tenant, Tyler Suede Designer.
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