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906 East New York Avenue

Abe Betesh Leases Retail Space To United Cerebral Palsy At 906 East New York Avenue
LEASEDRetail

Abe Betesh Leases Retail Space To United Cerebral Palsy At 906 East New York Avenue

906 East New York Avenue

$45

$45/SF

Building Size

8,000 SF

Asset Type

Retail

Closing

Jul 1, 2025

AI

The property asset involved in this transaction is a retail space located at 906 East New York Avenue in the East Flatbush market. The total square footage of the property is 8,000, with an asking rent of $45 per foot.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: $45/ft
  • Address: 906 East New York Avenue
  • Market: East Flatbush
  • Landlord: Abe Betesh
  • Tenant: United Cerebral Palsy
  • Brokers: Eli Yadid & Rafael Benor - KSR
  • Lease Type: Retail Lease

The deal features key individuals including landlord Abe Betesh and tenant United Cerebral Palsy, both of whom played significant roles in the leasing agreement. The transaction was facilitated by brokers Eli Yadid and Rafael Benor from KSR, who were instrumental in bringing the deal to fruition.

Players

Eli Yadid

Kassin Sabbagh Realty

Broker

$16M

vol

38 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage
Abe Betesh

Abe Betesh

Landlord

$52.6M

vol

9 deals

Landlord

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93