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1637 Sheepshead Bay Road

TMC Streaming Leases Retail Space At 1637 Sheepshead Bay Road Brooklyn For $38/ft
LEASEDRetail

TMC Streaming Leases Retail Space At 1637 Sheepshead Bay Road Brooklyn For $38/ft

1637 Sheepshead Bay Road

$38

$38/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Mar 17, 2026

AI

The property asset involved in this lease transaction is located at 1637 Sheepshead Bay Road in Brooklyn. The asset type is retail, with a square footage of 10,000. The asking rent for this property is set at $38 per square foot.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $38/ft
  • Address: 1637 Sheepshead Bay Road
  • Market: Brooklyn
  • Landlord: Kenan Ozbay
  • Tenant: TMC Streaming
  • Landlord's Representative: Arsen Atbashyan - Commercial Acquisitions
  • Tenant's Representative: Denis Abayev - Commercial Acquisitions

The key individuals involved in the deal include landlord Kenan Ozbay and tenant TMC Streaming. The transaction was facilitated by broker representatives Arsen Atbashyan and Denis Abayev, both from Commercial Acquisitions, representing the landlord and tenant respectively.

Players

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 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

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93