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943 Kings Highway

Harbor Fitness Leases Retail Space From Joseph Althkefati At 943 Kings Highway In Gravesend
LEASEDRetail

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

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

Josh Augenbaum

Augenbaum Realty

Broker

$655M

vol

144 deals

Broker

Joseph Althkefati

Landlord

$37.1M

vol

10 deals

Landlord

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