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385 7th Avenue

Park Slope Cardiac & Diagnostic Services Leases Retail Space At 385 7th Avenue For $98/ft
LEASEDRetail

Park Slope Cardiac & Diagnostic Services Leases Retail Space At 385 7th Avenue For $98/ft

385 7th Avenue

$98

$98/SF

Building Size

1,400 SF

Asset Type

Retail

Closing

Feb 26, 2026

AI

The retail asset located at 385 7th Avenue in Brooklyn features a modified gross lease for a total space of 1,400 square feet. The tenant securing this lease is Park Slope Cardiac & Diagnostic Services, with an asking rent of $98 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $137,200
  • Tenant: Park Slope Cardiac & Diagnostic Services
  • Landlord's Representative: Edmund Shammah - Safdie Realty Group
  • Lease Type: Modified Gross Lease

Edmund Shammah, representing Safdie Realty Group, specializes in landlord and tenant representation across Brooklyn, the Bronx, Manhattan, and Queens. For further assistance with leasing space or finding suitable locations, tenants and landlords can reach out to him directly.

Players

Edmund Shammah

Safdie Realty Group

Broker

5 deals

Broker

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

161867.35%

Cash-on-Cash

-46262.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93