Shlomo Althkefati, Chris Ganim & Mike Ganim Lease Retail Space To Harbor Fitness In Brooklyn
3460 Nostrand Avenue
$40
$40/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Sep 3, 2026
About this deal
AI
The retail property located at 3460 Nostrand Avenue in Brooklyn involves a lease transaction. The asking rent for this space is $40 per square foot, encompassing a total area of 20,000 square feet. The lease term is set for 25 months under a Modified Gross Lease arrangement.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40/ft
- Lease Term: 25 Months
- Lease Type: Modified Gross Lease
- Landlord: Shlomo Althkefati, Chris Ganim & Mike Ganim
- Tenant: Harbor Fitness
- Broker: Josh Augenbaum - Augenbaum Realty
The deal involves key individuals, with Shlomo Althkefati, Chris Ganim, and Mike Ganim acting as landlords. Harbor Fitness is the tenant occupying the retail space, while Josh Augenbaum of Augenbaum Realty serves as the broker representing the interests in this lease transaction. Harbor Fitness is actively seeking additional spaces throughout Brooklyn.
On the Map
$40
$40/SF
Retail
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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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93