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445 Albee Square W, Brookly...

GLAM4GOOD Leases 2100 Square Feet At 445 Albee Square W Brooklyn From Washington Square Partners
LEASED

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

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

Luciana Francese

Acadia Realty Trust

Broker

1 deal

Broker
WP
Washington Square PartnersLandlord

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