Sam Sabin Of Thor Equities Leases 7000 SF Retail Space In Brooklyn
3015 Stillwell Ave, Brooklyn, NY, 11224
Building Size
7,000 SF
Asset Type
Retail
Closing
Jul 26, 2021
AI
The property asset involved in this transaction is a retail space located at 3015 Stillwell Ave, Brooklyn, NY, 11224. It encompasses a total area of 7,000 square feet and is situated within the Brooklyn market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3015 Stillwell Ave, Brooklyn, NY, 11224
- Landlord: Thor Equities
- Landlord's Representative: Sam Sabin-Thor Equities
- Square Feet: 7,000
This transaction highlights the involvement of Thor Equities as the landlord, with Sam Sabin from Thor Equities acting as the representative for the landlord in this 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93