Verizon Leases Retail Space At 956 Flatbush Avenue From Falson's Realty For $125/ft
956 Flatbush Avenue
$125
$125/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
Apr 16, 2026
About this deal
AI
The property asset involved in this transaction is located at 956 Flatbush Avenue in the Flatbush market. This retail location has a total square footage of 1,600 and is leased at an asking rent of $125 per square foot. The asset type is classified as retail, indicating its suitability for businesses engaging with the consumer market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $200,000
- Address: 956 Flatbush Avenue
- Landlord: Falson's Realty
- Tenant: Verizon
- Lease Type: Retail Lease
- Brokers: Solomon Sharaby & Albert Manopla - KSR
The deal features representatives from KSR, specifically Solomon Sharaby and Albert Manopla, acting as the brokers in the lease transaction. The representation ensures that both the landlord, Falson's Realty, and the tenant, Verizon, received professional assistance throughout the deal process.
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93