Take N Toke Cannabis Leases 2000 SF Retail Space At 994 Atlantic Avenue Brooklyn
994 Atlantic Avenue
$75
$75/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jan 11, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 994 Atlantic Avenue in Brooklyn. The lease is for a total square footage of 2,000, with an asking rent of $75 per foot. This arrangement falls under a single net lease agreement with a duration of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Square Feet: 2,000
- Address: 994 Atlantic Avenue
- Market: Brooklyn
- Lease Term: 10 Years
- Lease Type: Single Net Lease
- Landlord: Ronen Shiponi
- Tenant: Take N Toke Cannabis
- Brokers: Solomon Betesh & Gabriel Betesh - Momentum Realty Group
The key individuals involved in this transaction include Ronen Shiponi, who serves as the landlord, and the tenant represented by Take N Toke Cannabis. The transaction was brokered by Solomon Betesh and Gabriel Betesh from Momentum Realty Group, emphasizing their roles in facilitating this lease agreement.
On the Map
$75
$75/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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93