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226 Atlantic Avenue

Pong Thai Cafe Signs Retail Lease At 226 Atlantic Avenue Brooklyn With Mo Lefkane As Landlord
LEASEDMixed-use

Pong Thai Cafe Signs Retail Lease At 226 Atlantic Avenue Brooklyn With Mo Lefkane As Landlord

226 Atlantic Avenue

$150

$150/SF

Building Size

630 SF

Asset Type

Mixed-use

Closing

May 4, 2026

AI

The asset involved in this transaction is a mixed-use property located at 226 Atlantic Avenue in Brooklyn. The asking rent for this property is set at $150 per square foot, with a total square footage of 630. The transaction pertains to a retail lease.

Summary of transaction details:

This transaction features key individuals and firms facilitating the deal. The landlord's representatives, Bobby Ortense and Ben Haggard from Meridian Capital Group, played a crucial role in the leasing process. Representing the tenant, Marc Joseph from ARA was instrumental in securing the lease for Pong Thai Cafe.

Players

Bobby Ortense

Meridian Capital Group

Broker

70 deals

Broker

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93