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975 E 13th St, Brooklyn, NY...

Kochman Lebowitz & Mogil, MD, LLP Signs Lease At 975 E 13th St Brooklyn With Craig Berman
LEASED

Kochman Lebowitz & Mogil, MD, LLP Signs Lease At 975 E 13th St Brooklyn With Craig Berman

975 E 13th St, Brooklyn, NY, 11230

Building Size

10,175 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 975 E 13th St, Brooklyn, NY, 11230. It is classified as a lease with a total square footage of 10,175. The market for this property is Brooklyn.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 975 E 13th St, Brooklyn, NY, 11230
  • Market: Brooklyn
  • Square Feet: 10,175
  • Tenant: Kochman Lebowitz & Mogil, MD, LLP
  • Landlord: 1301 Avenue J LLC
  • Tenant's Representative: Craig Berman-Joseph P. Day Realty Corp

This transaction involves key players in the leasing of the property, with the tenant represented by Craig Berman from Joseph P. Day Realty Corp. The landlord for this lease is 1301 Avenue J LLC, who has engaged in this agreement with Kochman Lebowitz & Mogil, MD, LLP as the tenant.

Players

Craig Berman

Joseph P. Day Realty Corp

Broker

2 deals

Broker

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