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519 Fulton St, Brooklyn, NY...

Thor Equities Leases 4200 SF Retail Space In Brooklyn To American Standard Hospitality Group
LEASEDRetail

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

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:

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.

Players

Michael Balanevsky

Accent Holdings

Broker

$55M

vol

4 deals

Broker
Thor Equities
Thor EquitiesLandlord

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