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199 Cook Street

Eitan Earnest & Eric Mann Lease Retail Space To OutBox Gym At 199 Cook Street
LEASEDRetail

Eitan Earnest & Eric Mann Lease Retail Space To OutBox Gym At 199 Cook Street

199 Cook Street

$30

$30/SF

Building Size

6,028 SF

Asset Type

Retail

Closing

Aug 26, 2025

AI

The property asset involved in this transaction is a retail space located at 199 Cook Street in Brooklyn, featuring a modified gross lease agreement. The asking rent for this retail space is set at $30 per square foot, encompassing a total area of 6,028 square feet.

Summary of transaction details:

This transaction involved key representatives from both the landlord and tenant sides. The landlord's interests were represented by Zachary Nathan, Hunter Lazan, and Brandon Berger from KSR, while the tenant, OutBox Gym, was represented by Max Freudenberger and Garrett Kelly from Meridian Capital Group.

Players

Garrett Kelly

Meridian Capital Group

Broker

60 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

Eric Mann

Landlord

$78.4M

vol

12 deals

Landlord

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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93