Thor Equities Leases 4200 SF Retail Space In Brooklyn To American Standard Hospitality Group
519 Fulton St, Brooklyn, NY, 11201
Building Size
4,200 SF
Asset Type
Retail
Closing
Nov 11, 2019
About this deal
AI
The property asset involved in the transaction is a retail space located at 519 Fulton St, Brooklyn, NY, 11201. The total square footage of the space is 4,200 square feet, and it is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 519 Fulton St, Brooklyn, NY, 11201
- Square Feet: 4,200
- Tenant: American Standard Hospitality Group
- Landlord: Thor Equities
- Tenant's Representatives: Michael Balanevsky-Accent Holdings, Stan Gutgarts-Accent Holdings
- Landlord's Representative: Sam Sabin-Thor Equities
- Lease Date: 11/11/2019
This transaction showcases the involvement of key individuals and companies, highlighting the representation by Michael Balanevsky and Stan Gutgarts on behalf of the tenant, and Sam Sabin representing the landlord, Thor Equities. Their roles were critical in facilitating the lease agreement between the involved parties.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93