Charles Schwartz Leases 2,200 SF Retail Space To Unlimited Martial Arts NYC In Brooklyn
5 Withers Street
$55
$55/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Apr 22, 2026
AI
The property involved in this transaction is a retail asset located at 5 Withers Street in Brooklyn. It features an asking rent of $55 per square foot, totaling 2,200 square feet, and is under a single net lease for a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $55/ft
- Square Footage: 2,200 SF
- Lease Term: 10 Years
- Lease Type: Single Net Lease
- Landlord: Charles Schwartz
- Tenant: Unlimited Martial Arts NYC
- Broker: Morris Mishan - Momentum Realty Group
The deal features key individuals such as landlord Charles Schwartz and tenant Unlimited Martial Arts NYC, with Morris Mishan of Momentum Realty Group serving as the broker representing the transaction.
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93