Thor Equities Leases Parking Lot To My Gym On 209 Smith St, Brooklyn
209 Smith St, Brooklyn, NY, 11201
Building Size
5,600 SF
Asset Type
Parking Lot
Closing
Nov 22, 2023
AI
The property at 209 Smith St, Brooklyn, NY, 11201 is a parking lot spanning 5600 square feet, situated in the Brooklyn market. The landlord, Thor Equities, finalized a lease agreement with My Gym.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: Not Applicable
- Address: 209 Smith St, Brooklyn, NY, 11201
- Market: Brooklyn
- Tenant: My Gym
- Landlord: Thor Equities
- Square Feet: 5600
Sam Sabin from Thor Equities served as the landlord's representative in the lease deal, securing the agreement with My Gym for the parking lot property.
Players
Brooklyn Parking Lot Market Snapshot
Boundary boundary · Parking Lot · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93