HeartShare Human Services Leases Church Space In Brooklyn, NY
4507 4th Avenue
$40
$40/SF
Building Size
12,000 SF
Asset Type
Church
Closing
Apr 18, 2023
About this deal
AI
A church located at 4507 4th Avenue in Brooklyn has been leased to HeartShare Human Services by Trinity Lutheran Church. The lease transaction was handled by broker Meyer Dagmy from MOD. The property, with a total square footage of 12,000 square feet, was leased at an asking rent of $40 per square foot.
Summary of transaction details
- Property Type: Church
- Transaction Amount: Lease
- Address: 4507 4th Avenue, Brooklyn
- Market: Brooklyn
- Landlord: Trinity Lutheran Church
- Tenant: HeartShare Human Services
- Broker: Meyer Dagmy - MOD
- Asking Rent: $40 per square foot
- Square Footage: 12,000 square feet
Trinity Lutheran Church, the landlord, leased the church property located at 4507 4th Avenue in Brooklyn to HeartShare Human Services. The lease deal was facilitated by Meyer Dagmy from MOD. The property offers a total square footage of 12,000 square feet with an asking rent of $40 per square foot.
Players
Market Church Market Snapshot
Boundary boundary · Church · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93