My Gym Acquires Retail Space At 209 Smith Street Brooklyn For $2.5M With Brokers Remi Norris & Matthew Cosentino
209 Smith Street
$2,500,000
$989/SF
Building Size
2,527 SF
Asset Type
Retail
Closing
Oct 6, 2025
AI
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
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93