S Studios Signs Single Net Lease At 345 Nostrand Avenue In Brooklyn With Titan Group New York
345 Nostrand Avenue
$63
$63/SF
Building Size
1,700 SF
Asset Type
Retail
Closing
Jun 15, 2025
AI
This retail asset is located at 345 Nostrand Avenue in the Brooklyn market. The lease was signed for a space measuring 1,700 square feet with an asking rent of $63 per square foot under a Single Net Lease agreement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $63/ft
- Address: 345 Nostrand Avenue
- Market: Brooklyn
- Tenant: S Studios
- Landlord's Representative: Martin DuPain - Highline Residential
- Tenant's Representatives: Adam Lavian, Tyler Zar & Tanner Zar - Titan Group New York
- Lease Type: Single Net Lease
- Size: 1,700 SF
The representatives from Titan Group New York expressed excitement about bringing new life into the space and the block. Martin DuPain, the landlord's representative from Highline Residential, can be contacted at 917-920-6463 or via email at [email protected]. Titan Group specializes in commercial and residential leasing, offering guidance to property owners seeking to lease vacant units.
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
251793.65%
Cash-on-Cash
-71963.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93