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
About this deal
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
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