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
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