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1 Pierrepont PLZ Ste 1, Bro...

Forest City Ratner Companies Leases 42000 Square Feet At 1 Pierrepont Plaza In Brooklyn
LEASEDCommercial

Forest City Ratner Companies Leases 42000 Square Feet At 1 Pierrepont Plaza In Brooklyn

1 Pierrepont PLZ Ste 1, Brooklyn, NY...

Building Size

42,000 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 1 Pierrepont PLZ Ste 1, Brooklyn, NY, within the Brooklyn market. It consists of 42,000 square feet and is leased by the landlord, Forest City Ratner Companies.

Summary of transaction details:

This deal involves key representatives from brookfield-properties'>Brookfield Properties, Ali Esmaeilzadeh and Jesse Cooperman, who acted on behalf of the landlord during the leasing process. Their roles were crucial in facilitating the transaction for Forest City Ratner Companies.

Players

Alireza Esmaeilzadeh

Brookfield Properties

Broker

2 deals

Broker
FC
Forest City Ratner CompaniesLandlord

Brooklyn Commercial Market Snapshot

Boundary boundary · Commercial · 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