Boots Bread Leases Retail Space At 632 Nostrand Avenue Brooklyn For $80 Per Square Foot
632 Nostrand Avenue
$80
$80/SF
Building Size
1,150 SF
Asset Type
Retail
Closing
Oct 13, 2026
About this deal
AI
The retail asset located at 632 Nostrand Avenue in Brooklyn was leased under a Modified Gross Lease. The lease was negotiated at an asking rent of $80 per square foot for a total area of 1,150 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $80/ft
- Leased Area: 1,150 SF
- Market: Brooklyn
- Landlord: ELH Management
- Tenant: Boots Bread
- Broker: Richard Zagranichny - Ripco
This transaction involved Richard Zagranichny representing Ripco in the deal, facilitating the lease agreement between the landlord, ELH Management, and the tenant, Boots Bread. The arrangement reflects a clear agreement on rental conditions.
On the Map
$80
$80/SF
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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93