Chung Lee Leases Retail Space At 276 Fifth Avenue To Andamiro Represented By Joey Kafif
276 Fifth Avenue
$150
$150/SF
Building Size
800 SF
Asset Type
Retail
Closing
Jun 30, 2025
About this deal
AI
The retail asset located at 276 Fifth Avenue in Brooklyn has been leased for $150 per square foot, covering a total area of 800 square feet. The lease type is classified as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $150/ft
- Address: 276 Fifth Avenue
- Market: Brooklyn
- Landlord: Chung Lee
- Tenant: Andamiro
- Broker: Joey Kafif - Safdie Realty Group
- Lease Type: Modified Gross Lease
- Square Footage: 800
Joey Kafif from Safdie Realty Group represented both the landlord and the tenant, focusing on landlord and tenant representation across Brooklyn, Bronx, Manhattan, Queens, and Staten Island. They are available for leasing inquiries or assistance in finding locations.
On the Map
$150
$150/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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93