Lin Lin Leases Retail Space To Petite Dumpling At 770 Washington Avenue Brooklyn For 10 Years
770 Washington Avenue
$82
$82/SF
Building Size
800 SF
Asset Type
Retail
Closing
Dec 9, 2025
AI
The property asset involved in this transaction is a retail space located at 770 Washington Avenue in Brooklyn. The asking rent for the property is set at $82 per square foot, and it comprises a total area of 800 square feet. The lease term agreed upon is for 10 years under a modified gross lease arrangement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $82/ft
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Lin Lin
- Tenant: Petite Dumpling
- Landlord's Representative: Avi Saadia - Tri State Commercial Realty
- Tenant's Representative: Edmund Shammah - Safdie Realty Group
This deal features key individuals including landlord Lin Lin, who is leasing the space to tenant Petite Dumpling. The representatives facilitating this transaction are Avi Saadia from Tri State Commercial Realty and Edmund Shammah from Safdie Realty Group. Safdie Realty Group specializes in landlord and tenant representation across Brooklyn, the Bronx, Manhattan, and Queens.
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
193451.22%
Cash-on-Cash
-55288.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93