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:
- Property Type: Retail
- Transaction Amount: $30/ft
- Address: 199 Cook Street
- Market: Brooklyn
- Landlord: Eitan Earnest & Eric Mann
- Tenant: OutBox Gym
- Landlord's Representative: Zachary Nathan, Hunter Lazan & Brandon Berger - KSR
- Tenant's Representative: Max Freudenberger & Garrett Kelly - Meridian Capital Group
- Lease Type: Modified Gross Lease
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
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