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85 North 15th Street

John Ciafone Leases Retail Space To Round Group Entertainment At 85 North 15th Street In Greenpoint
LEASEDRetail

John Ciafone Leases Retail Space To Round Group Entertainment At 85 North 15th Street In Greenpoint

85 North 15th Street

$80

$80/SF

Building Size

4,500 SF

Asset Type

Retail

Closing

Dec 17, 2025

AI

The retail asset located at 85 North 15th Street in the Greenpoint market encompasses a total square footage of 4,500. The asking rent for the property stands at $67 per square foot. This space supports retail leasing arrangements, enhancing its operational potential for businesses within the area.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $67/ft
  • Square Footage: 4,500
  • Address: 85 North 15th Street
  • Market: Greenpoint
  • Landlord: John Ciafone
  • Tenant: Round Group Entertainment
  • Broker Representatives: Samia Farah & Jack Mordekai - KSR
  • Lease Type: Retail Lease

In this transaction, John Ciafone acts as the landlord while Round Group Entertainment takes on the role of the tenant. The brokers involved in facilitating this deal are Samia Farah and Jack Mordekai, representing KSR.

Players

Samia Farah

Kassin Sabbagh Realty

Broker

$14.2M

vol

5 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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93