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
About this deal
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.
On the Map
$80
$80/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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93