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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $65/ft.
- Lease Terms: 10-year lease
- Address: 532 Neptune Avenue
- Market: Coney Island, Brooklyn
- Landlord: Rubin Schron - Cammeby’s International Group & Sergey Rybak - Rybak Development
- Tenant: Colleen Keating - Planet Fitness
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.
On the Map
$65
$65/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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93