Molly Tea Leases Retail Space At 193 Bedford Avenue Brooklyn For $375 Per Ft
193 Bedford Avenue
$375
$375/SF
Building Size
1,300 SF
Asset Type
Retail
Closing
Sep 1, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 193 Bedford Avenue in Brooklyn. The asking rent for the lease is $375 per square foot, and the total square footage is 1,300. The lease type is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $375/ft
- Address: 193 Bedford Avenue
- Market: Brooklyn
- Landlord: Deegan Management
- Tenant: Molly Tea
- Landlord's Representative: Jordan Cohen, Brett Brownstein & Garry Steinberg - Lee & Associates
- Tenant's Representative: Mendel Jacobson & Michael Wahba - ONE NYC RE
The transaction was facilitated by representatives from both sides, with Jordan Cohen, Brett Brownstein, and Garry Steinberg representing Deegan Management, while Mendel Jacobson and Michael Wahba represented the tenant, Molly Tea. This collaboration highlights the involvement of key players in securing the lease agreement.
On the Map
$375
$375/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
42301.33%
Cash-on-Cash
-12089.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93