LEASED
Caspi Development Leases 5000 Square Feet At 134 Broadway Brooklyn With Joseph Sipala Of JLL
134 Broadway, Brooklyn, NY, 11249
Building Size
5,000 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The lease property is located at 134 Broadway, Brooklyn, NY, 11249, consisting of 5,000 square feet. The market for this transaction is Brooklyn, and the landlord is Caspi Development.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 134 Broadway, Brooklyn, NY, 11249
- Square Feet: 5,000
- Market: Brooklyn
- Landlord's Representative: Joseph Sipala, JLL
- Tenant: Not specified
This transaction involved key individuals and companies, specifically Joseph Sipala from JLL representing the landlord, Caspi Development, while the tenant details were not disclosed.
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