Pong Thai Cafe Signs Retail Lease At 226 Atlantic Avenue Brooklyn With Mo Lefkane As Landlord
226 Atlantic Avenue
Building Size
630 SF
Asset Type
Mixed-use
Closing
May 4, 2026
About this deal
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:
- Property Type: Mixed-use
- Transaction Amount: $150/ft
- Address: 226 Atlantic Avenue
- Market: Brooklyn
- Lease Type: Retail Lease
- Landlord: Mo Lefkane
- Tenant: Pong Thai Cafe
- Landlord's Representative: Bobby Ortense & Ben Haggard - Meridian Capital Group
- Tenant's Representative: Marc Joseph - ARA
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.
On the Map
Mixed-use
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Players
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