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
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