Efraim Weber Leases Retail Space To Lona Luxe Salon Suites At 963 Atlantic Avenue
963 Atlantic Avenue
$50
$50/SF
Building Size
2,200 SF
Asset Type
Retail
Closing
Aug 4, 2026
About this deal
AI
The retail property located at 963 Atlantic Avenue in Brooklyn has a square footage of 2,200. It was leased by Lona Luxe Salon Suites under a modified gross lease agreement. The asking rent for this property was set at $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $110,000
- Address: 963 Atlantic Avenue
- Market: Brooklyn
- Landlord: Efraim Weber
- Tenant: Lona Luxe Salon Suites
- Lease Term: 10 Years
- Brokers: Solomon Betesh & Gabriel Betesh - Momentum Realty Group
In this transaction, the landlords were represented by Efraim Weber, with brokerage support from Solomon Betesh and Gabriel Betesh, who are affiliated with Momentum Realty Group. The deal reflects a strategic choice for both the landlord and tenant in the Brooklyn retail market.
On the Map
$50
$50/SF
Retail
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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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93