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
About this deal
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.
On the Map
$2,500,000
$989/SF
Retail
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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