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94 9th St, Brooklyn, Ny 112...

Industrie Capital Partners Leases Office Space To Mother Industries In Gowanus, Brooklyn
LEASEDOffice

Industrie Capital Partners Leases Office Space To Mother Industries In Gowanus, Brooklyn

94 9th St, Brooklyn, Ny 11215, Usa

Building Size

61,000 SF

Asset Type

Office

Closing

May 8, 2020

AI

The Roulston House located at 94 9th Street in Gowanus, Brooklyn has recently been leased. The 61,000 square foot office space was leased by Mother Industries. The landlord, Industrie Capital Partners, facilitated the deal with the assistance of their representatives Joseph Hamway and Josh Sloan. Mother Industries was represented by the Schoen Team of Savitt Partners. The asking rent for the property was $50 per square foot.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 94 9th Street, Gowanus, Brooklyn
  • Market: Gowanus, Brooklyn
  • Square Footage: 61,000
  • Tenant: Mother Industries
  • Landlord: Industrie Capital Partners
  • Landlord's Representative: Joseph Hamway, Josh Sloan - Industrie Capital Partners
  • Tenant's Representative: Schoen Team - Savitt Partners
  • Asking Rent: $50 per square foot

This lease transaction highlights the successful collaboration between Mother Industries and Industrie Capital Partners in securing the office space at the Roulston House. The involvement of representatives Joseph Hamway, Josh Sloan, and the Schoen Team further facilitated the negotiation process.

Players

Joseph Hamway

Broker

2 deals

Broker
IP
Industrie Capital PartnersLandlord

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93