Thrive Management Leases Retail Space To Kush & Kicks At 507 Myrtle Avenue In Clinton Hill
507 Myrtle Avenue
$180
$180/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jul 20, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 507 Myrtle Avenue in the Clinton Hill market. The property has a lease type categorized as a Retail Lease, with a square footage of 1,000 and an asking rent of $180 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $180/ft
- Square Footage: 1,000
- Address: 507 Myrtle Avenue
- Market: Clinton Hill
- Landlord: Thrive Management
- Tenant: Kush & Kicks
- Brokers: Malik Wells, Solomon Tbeile & Marc Sitt - KSR
- Lease Type: Retail Lease
The deal saw representation from brokers Malik Wells, Solomon Tbeile, and Marc Sitt belonging to KSR, affirming their role in facilitating the transaction between Thrive Management and the tenant, Kush & Kicks.
On the Map
$180
$180/SF
Retail
View full map
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Marc Sitt to view all their deals.
Browse Brooklyn retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
88127.78%
Cash-on-Cash
-25187.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93