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537 Atlantic Avenue

Thor Equities Leases Retail Space To Banhmigos Plus In Boerum Hill, Brooklyn
LEASEDRetail

Thor Equities Leases Retail Space To Banhmigos Plus In Boerum Hill, Brooklyn

537 Atlantic Avenue

$100

$100/SF

Building Size

2,500 SF

Asset Type

Retail

Closing

Nov 29, 2023

AI

The retail space located at 537 Atlantic Avenue in Boerum Hill, Brooklyn, has been leased. The tenant, Banhmigos Plus, has entered into a lease agreement with the landlord, Thor Equities. The property spans approximately 2,500 square feet and was marketed as a retail space.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not mentioned

The leasing process was facilitated by the brokers Jordan Raphan, Akram Mozeb, and Albert Manopla from KSR. They represented both the landlord, Thor Equities, and the tenant, Banhmigos Plus, throughout the deal.

Players

Albert Manopla

Kassin Sabbagh Realty

Broker

$4.3M

vol

83 deals

Broker
Thor Equities
Thor EquitiesLandlord

Avenue 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

158630.00%

Cash-on-Cash

-45336.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93