Hello Living Leases 271 Lenox Rd, Brooklyn To Brooklyn Downstate University Foundation
271 Lenox Rd, Brooklyn, NY, 11226
$45
$45/SF
Building Size
8,759 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The property at 271 Lenox Rd, Brooklyn, NY, 11226, boasts a total of 8,759 square feet and commands a rent of $45 per square foot. The transaction involved the Brooklyn Downstate University Foundation as the tenant and Hello Living as the landlord. The deal was facilitated with Nick Zweig as the landlord's representative.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Market: Brooklyn
The lease agreement at 271 Lenox Rd, Brooklyn, NY, 11226, was successfully completed, with the Brooklyn Downstate University Foundation securing the space from Hello Living. Nick Zweig played a crucial role as the landlord's representative in 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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93