Monitex Security Leases Retail Space At 766 Lafayette Avenue Brooklyn With J3K Real Estate
766 Lafayette Avenue
$65
$65/SF
Building Size
1,250 SF
Asset Type
Retail
Closing
Sep 30, 2025
About this deal
AI
The property involved in this lease transaction is a retail asset located at 766 Lafayette Avenue in Brooklyn. The leased space measures 1,250 square feet, with an asking rent of $65 per foot, structured as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $81,250
- Address: 766 Lafayette Avenue
- Market: Brooklyn
- Landlord: Julian Kiguel – Reda Holdings
- Tenant: Monitex Security
- Brokers: Jon Kamali, Justin Kamali & Jeremy Kamali - J3K Real Estate
J3K Real Estate successfully facilitated this lease for Monitex Security, helping the tenant secure a new office location in Brooklyn. The brokers involved in this transaction are Jon Kamali, Justin Kamali, and Jeremy Kamali, representing the interests of Monitex Security in this negotiation.
On the Map
$65
$65/SF
Retail
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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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93