JoJa Chix Leases Restaurant At 1809 Emmons Avenue In Brooklyn For $60 Per Foot
1809 Emmons Avenue
$60
$60/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Dec 22, 2025
AI
The asset involved in this transaction is a restaurant located at 1809 Emmons Avenue in Brooklyn. The lease type is a Modified Gross Lease, with an asking rent of $60 per square foot for a total of 10,000 square feet.
Summary of transation details:
- Property Type: Restaurant
- Transaction Amount: $600,000
- Address: 1809 Emmons Avenue
- Market: Brooklyn
- Tenant: JoJa Chix, Wine & Vine Hospitality Group
- Landlord's Representative: Arsen Atbashyan - Commercial Acquisitions
- Tenant's Representative: Denis Abayev - Commercial Acquisitions
The deal involves two primary representatives from Commercial Acquisitions: Arsen Atbashyan representing the landlord and Denis Abayev representing the tenant. Their engagement highlights the collaboration required in securing the lease for JoJa Chix under the terms outlined.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93