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:
- Property Type: Lease
- Transaction Amount: Not provided
- Address: 1 Pierrepont PLZ Ste 1, Brooklyn, NY
- Market: Brooklyn
- Landlord: Forest City Ratner Companies
- Landlord's Representative: Mary Ann Tighe-CBRE, Evan Haskell-CBRE
- Brokers: Keith Caggiano-Avison Young, Howard Fiddle-CBRE
- Square Feet: 15,115
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
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