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721 Flushing Avenue

Updated Oct 19, 2026

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

About this deal

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:

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.

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$25

$25/SF

Retail

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Players

Noam Aziz

Meridian Capital Group

Broker

$4.3M

vol

290 deals

Broker
The Michael Group
The Michael GroupLandlord
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Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $25 per square foot on a published $25 for 2,500 square feet (2026).

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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

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