GLAM4GOOD Leases 2100 Square Feet At 445 Albee Square W Brooklyn From Washington Square Partners
445 Albee Square W, Brooklyn, NY, 11...
Building Size
2,100 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The asset involved in this transaction is a leased property located at 445 Albee Square W, Brooklyn, NY. The property consists of 2,100 square feet and is situated within the Brooklyn market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 445 Albee Square W, Brooklyn, NY
- Market: Brooklyn
- Landlord: Washington Square Partners
- Tenant: GLAM4GOOD
- Landlord's Representative: Luciana Francese (Acadia Realty Trust)
This transaction involved GLAM4GOOD as the tenant, securing a lease agreement for the aforementioned property, with Luciana Francese representing Washington Square Partners in the deal.
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