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299 Atlantic Avenue

Hashi Market Leases Retail Space At 299 Atlantic Avenue In Boerum Hill For $80 Per Foot
LEASEDRetail

Hashi Market Leases Retail Space At 299 Atlantic Avenue In Boerum Hill For $80 Per Foot

299 Atlantic Avenue

$80

$80/SF

Building Size

6,260 SF

Asset Type

Retail

Closing

Apr 30, 2025

AI

The property asset involved in this transaction is a retail space located at 299 Atlantic Avenue in Boerum Hill. The asking rent for the space is $80 per square foot, with a total area of 6,260 square feet. The lease type is classified as a retail lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80/ft
  • Address: 299 Atlantic Avenue
  • Market: Boerum Hill
  • Asset Type: Retail
  • Tenant: Hashi Market
  • Landlord's Representative: Barry Fishbach & Mayer Ghonoja - KSR
  • Tenant's Representative: Vera Zhang - Canway Realty

The key individuals involved in this deal include Barry Fishbach and Mayer Ghonoja representing the landlord, while Vera Zhang serves as the representative for the tenant, Hashi Market. Their roles play a significant part in the coordination and execution of the lease agreement.

Players

Mayer Ghonoja

Kassin Sabbagh Realty

Broker

3 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage

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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93