Sean Fishman Leases Retail Space From Dominick Palumbo At 2802 Avenue U In Brooklyn
2802 Avenue U
Building Size
3,000 SF
Asset Type
Retail
Closing
Sep 19, 2025
About this deal
AI
The retail property located at 2802 Avenue U in Brooklyn features a total square footage of 3,000 and has an asking rent of $40 per square foot. The lease term for this property is set at 5 years under a modified gross lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $120,000
- Landlord: Dominick Palumbo
- Tenant: Sean Fishman
- Broker: Halyna Chyrva - Equity Essentials LLC
Halyna Chyrva represented the landlord, Dominick Palumbo, in this lease transaction, facilitating the agreement between the landlord and tenant, Sean Fishman.
On the Map
Retail
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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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93