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535 Atlantic Ave, Brooklyn,...

Women With Voices Leases Retail Space In Brooklyn From Thor Equities
LEASEDRetail

Women With Voices Leases Retail Space In Brooklyn From Thor Equities

535 Atlantic Ave, Brooklyn, NY, 11217

$70

$70/SF

Building Size

2,800 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

The property at 535 Atlantic Ave, Brooklyn, NY, 11217 is a retail asset leased by Women With Voices. The square footage of the space is 2800, with a rental rate of $70 per square foot. The landlord, Thor Equities, was represented by Sam Sabin, while the tenant, Women With Voices, was represented by Stefan Martin of Capital Real Estate Advisors.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Tenant: Women With Voices
  • Tenant's Rep: Stefan Martin (Capital Real Estate Advisors)
  • Landlord: Thor Equities
  • Landlord's Rep: Sam Sabin (Thor Equities)

The deal involved key representatives including Stefan Martin representing Women With Voices and Sam Sabin representing Thor Equities. The transaction exemplified a successful lease agreement, demonstrating the collaborative efforts of both tenant and landlord representatives in the Brooklyn market.

Players

Sam Sabin

Thor Equities

Broker

5 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93