Michael Sbeglia Leases Retail Space At 721 Flushing Avenue To Premier Hermatology Oncology
721 Flushing Avenue
$25
$25/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
May 14, 2026
AI
The property asset involved in this transaction is located at 721 Flushing Avenue in Brooklyn. It is a retail space with a total area of 2,500 square feet. The asking rent is set at $25 per square foot, and the lease type is a Single Net Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $25/ft
- Address: 721 Flushing Avenue
- Market: Brooklyn
- Landlord: Michael Sbeglia
- Tenant: Premier Hermatology Oncology
- Brokers: Shaya Katz & Noam Aziz - Meridian Capital Group
Shaya Katz and Noam Aziz represent Meridian Capital Group in this leasing agreement, facilitating the transaction between the landlord, Michael Sbeglia, and the tenant, Premier Hermatology Oncology. They play a pivotal role in ensuring the successful execution of the lease agreement.
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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93