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532 Neptune Avenue

LEASEDRetail

Colleen Keating Of Planet Fitness Signs 10-Year Retail Lease At 532 Neptune Avenue Brooklyn

532 Neptune Avenue

$65

$65/SF

Building Size

14,500 SF

Asset Type

Retail

Closing

Aug 20, 2026

AI

A retail lease has been signed for a space located at 532 Neptune Avenue in Coney Island, Brooklyn. The lease covers an area of 14,500 square feet, with an asking rent of $65 per square foot. The property is situated at the base of a 499-unit residential tower developed by Cammeby’s International Group and Rybak Development.

Summary of transaction details:

Rubin Schron and Sergey Rybak are the landlords for this property, representing Cammeby’s International Group and Rybak Development, respectively. Colleen Keating is the tenant and represents Planet Fitness in this lease transaction.

Players

Colleen Keating

Planet Fitness

Broker

1 deal

Broker

Sergey Rybak

Rybak Development

Landlord

$544.9M

vol

20 deals

Landlord

Colleen Keating

Planet Fitness

Tenant

1 deal

Tenant

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93