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
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