Harbor Fitness Leases Retail Space From Joseph Althkefati At 943 Kings Highway In Gravesend
943 Kings Highway
$70
$70/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Mar 31, 2025
About this deal
AI
The property asset involved in this lease transaction is a retail space located at 943 Kings Highway in the Gravesend market. The leased area spans 2,500 square feet, with a rental rate of $70 per square foot. This transaction reflects the dynamics of the retail market in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 943 Kings Highway
- Market: Gravesend
- Square Feet: 2500.0
- Rent/SF: 70
- Tenant: Harbor Fitness
- Landlord: Joseph Althkefati
- Brokers - Repped Both Sides: Josh Augenbaum (Augenbaum Realty)
This lease transaction involves key individuals such as tenant Harbor Fitness and landlord Joseph Althkefati. The deal was facilitated by broker Josh Augenbaum, who represented both sides in this transaction, highlighting the collaborative nature of this agreement.
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