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1224 Flushing Avenue

Whole Foods Market Signs 15-Year Lease For 10,000 Square Feet At 1224 Flushing Avenue Brooklyn
LEASEDRetail

Whole Foods Market Signs 15-Year Lease For 10,000 Square Feet At 1224 Flushing Avenue Brooklyn

1224 Flushing Avenue

$130

$130/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Jun 8, 2026

AI

The retail asset located at 1224 Flushing Avenue is situated in the Brooklyn market, featuring an expansive area of 10,000 square feet. The total asking rent for this property is set at $130 per square foot, with a lease agreement spanning 15 years.

Summary of transaction details:

This transaction marks Whole Foods Market's commitment to expanding its small-format “bodega-style” concept in Brooklyn. The store will be located near the Jefferson Avenue L train stop, which is a strategic position for accessibility.

Players

Manu Wendum

Retail By Mona

Broker

10 deals

Broker

Jason Buechel

Tenant

$21M

vol

5 deals

Tenant

Flushing 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

122023.08%

Cash-on-Cash

-34874.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93