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1 Pierrepont PLZ Ste 1, Bro...

Forest City Ratner Companies Leases 15115 Square Feet At 1 Pierrepont Plaza Brooklyn With CBRE
LEASED

Forest City Ratner Companies Leases 15115 Square Feet At 1 Pierrepont Plaza Brooklyn With CBRE

1 Pierrepont PLZ Ste 1, Brooklyn, NY...

Building Size

15,115 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this lease transaction is located at 1 Pierrepont PLZ Ste 1, Brooklyn, NY. The total square footage of the leased space is 15,115 square feet. The transaction occurs within the Brooklyn market, which is known for its vibrant commercial environment.

Summary of transation details:

The lease transaction involved representatives from both the landlord and the brokerage firms. Mary Ann Tighe and Evan Haskell represented the landlord, Forest City Ratner Companies, while brokers Keith Caggiano from Avison Young and Howard Fiddle from CBRE were involved in facilitating the transaction.

Players

Howard Fiddle

CBRE

Broker

28 deals

Broker
FC
Forest City Ratner CompaniesLandlord

Brooklyn CRE Market Snapshot

Boundary boundary · CRE · 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