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
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