Commercial property owner and broker James Wacht and his son Evan Wacht through the entity My Gym Cobble Hill LLC paid $2.5 million to Thor Equities through the entity Thor 209 Smith Street LLC for the retail condo at 209 Smith Street in Carroll Gardens, Brooklyn. The expected use is owner-occupied. The Wachts owns the franchise for the children’s exercise company My Gym for Brooklyn and the Hamptons. James Wacht is the managing principal for the brokerage Lee & Associates NYC.
Matt Cosentino and Remi Norris of TerraCRG brokered the transaction.