Aineh Property Group Leases Retail Space To Uptown Dermatology At 681 Flatbush Avenue
681 Flatbush Avenue
Building Size
1,770 SF
Asset Type
Retail
Closing
Jul 31, 2025
About this deal
AI
This retail lease property is located at 681 Flatbush Avenue in the Brooklyn market, featuring a space of 1,770 square feet. The landlord is Aineh Property Group, represented by Brian Ainehsazan, with an asking rent of $47 per square foot. The lease is set for a term of 10 years and is classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $47/ft
- Square Footage: 1,770
- Address: 681 Flatbush Avenue
- Market: Brooklyn
- Lease Term: 10 Years
- Lease Type: Single Net Lease
- Landlord: Aineh Property Group & Brian Ainehsazan
- Tenant: Uptown Dermatology
- Tenant's Rep: Cooper Katz - ABS Partners Real Estate
The transaction involves key individuals such as the tenant Uptown Dermatology and their representative Cooper Katz from ABS Partners Real Estate. The negotiation results in a notable addition to the retail offerings in the area.
On the Map
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
337510.64%
Cash-on-Cash
-96461.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93