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173 Court St, Brooklyn, NY,...

Bonobos Leases 2500 Square Feet At 173 Court St Brooklyn With Tenant's Rep Justin Fantasia
LEASED

Bonobos Leases 2500 Square Feet At 173 Court St Brooklyn With Tenant's Rep Justin Fantasia

173 Court St, Brooklyn, NY, 11201

Building Size

2,500 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 173 Court St, Brooklyn, NY, 11201, with a total square footage of 2,500. The market for this property is Brooklyn, where it has been leased to Bonobos, a prominent retailer. The landlord for this transaction is Industrie Capital Partners.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not disclosed
  • Address: 173 Court St, Brooklyn, NY, 11201
  • Market: Brooklyn
  • Tenant: Bonobos
  • Landlord: Industrie Capital Partners
  • Tenant's Representative: Justin Fantasia, Newmark Knight Frank
  • Square Feet: 2500

The transaction involves key stakeholders including the tenant, Bonobos, which is represented by Justin Fantasia from Newmark Knight Frank. The landlord, Industrie Capital Partners, plays a significant role in the property leasing process, contributing to a successful transaction in the Brooklyn market.

Players

Justin Fantasia

Newmark

Broker

4 deals

Broker
IP
Industrie Capital PartnersLandlord
B
BonobosTenant

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