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721 Flushing Avenue

Michael Sbeglia Leases Retail Space At 721 Flushing Avenue To Premier Hermatology Oncology
LEASEDRetail

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

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

232 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

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93