Thor Equities Leases Retail Space To Mixue At 519 Fulton Street In Downtown Brooklyn
519 Fulton Street
$225
$225/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Nov 25, 2025
About this deal
AI
The retail asset located at 519 Fulton Street in Downtown Brooklyn encompasses a total area of 3,000 square feet. The asking rent for this property is set at $225 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Thor Equities
- Tenant: Mixue
- Landlord's Representative: Jordan Raphan, Albert Manopla & Akram Mozeb - KSR
- Tenant's Representative: Eric Gelber, Jordan Kaplan & Jessica Tauber - CBRE
- Lease Type: Retail Lease
- Date of Transaction: 11/26/2025
This lease transaction includes key representatives from both the landlord and tenant sides. The landlords are represented by Jordan Raphan, Albert Manopla, and Akram Mozeb from KSR, while the tenant representation consists of Eric Gelber, Jordan Kaplan, and Jessica Tauber from CBRE.
On the Map
$225
$225/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
70502.22%
Cash-on-Cash
-20149.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93