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209 Smith Street

My Gym Acquires Retail Space At 209 Smith Street Brooklyn For $2.5M With Brokers Remi Norris & Matthew Cosentino
SOLDRetail

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:

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

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker
Terra CRG
Terra CRGBrokerage
Thor Equities
Thor EquitiesSeller

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