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681 Flatbush Avenue

Aineh Property Group Leases Retail Space To Uptown Dermatology At 681 Flatbush Avenue
LEASEDRetail

Aineh Property Group Leases Retail Space To Uptown Dermatology At 681 Flatbush Avenue

681 Flatbush Avenue

$47

$47/SF

Building Size

1,770 SF

Asset Type

Retail

Closing

Jul 31, 2025

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.

Players

Cooper Katz

ABS Partners Real Estate

Broker

$4.3M

vol

13 deals

Broker
ABS Partners Real Estate
ABS Partners Real EstateBrokerage
Brian Ainehsazan

Brian Ainehsazan

Aineh Property Group

Landlord

7 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

337510.64%

Cash-on-Cash

-96461.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93