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271 Lenox Rd, Brooklyn, NY,...

Hello Living Leases 271 Lenox Rd, Brooklyn To Brooklyn Downstate University Foundation
LEASED

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

Nick Zweig

Broker

$14.4M

vol

11 deals

Broker
HL
Hello LivingLandlord

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