My Gym Acquires Retail Space At 209 Smith Street Brooklyn For $2.5M With Brokers Remi Norris & Matthew Cosentino
SOLD
$2,500,000
New York
See Similar DealsRetail2,527 SF
Sold 10/07/2025
SOLD
My Gym Acquires Retail Space At 209 Smith Street Brooklyn For $2.5M With Brokers Remi Norris & Matthew Cosentino
209 Smith Street
See Similar DealsRetail2,527 SF
Sold 10/07/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$989
Total Square Footage:2,527 SF
Transaction Type:Sale
The retail asset located at 209 Smith Street in Brooklyn features a sale price of $2,500,000. The property encompasses 2,527 above-grade square feet, with a price per square foot of $989. The total square footage of the property is 4,233.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Buyer: My Gym
- Seller: Thor Equities
- Brokers: Remi Norris & Matthew Cosentino - Terra CRG
Remi Norris and Matthew Cosentino represented the broker side of the transaction through Terra CRG, facilitating the deal between My Gym and Thor Equities.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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