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
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