The subject offering is a 1,700 square foot, 100 percent occupied retail condo located at the base of a 25-unit residential condominium constructed brand-new in 2015. The unit is located on Myrtle Avenue, between Grand Avenue and Steuben Street, right in the heart of Clinton Hill’s most heavily traveled retail corridor. The offering consists of 1,700 square feet of ground floor retail space and 200 additional square feet in the lower level (1,900 square feet total). The entire space is leased to CKO Kickboxing, a fitness and kickboxing studio with 65+ locations throughout New York and New Jersey. CKO has a ten-year lease that runs through December 31, 2035, with 3.5 percent annual increases. CKO reimburses 100 percent of the real estate taxes above their base-year (2027/2028). CKO has been at this location since 2018. The property benefits from a 25-year ICAP Tax Abatement which began in 2018 and runs through June 30, 2043. The real estate taxes, without the abatement, would be $22,306.