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10 Grand St, Brooklyn, NY, ...

Chronograph Leases 6083 Square Feet At 10 Grand St Brooklyn From Two Trees Management Company
LEASEDCommercial

Chronograph Leases 6083 Square Feet At 10 Grand St Brooklyn From Two Trees Management Company

10 Grand St, Brooklyn, NY, 11249

Building Size

6,083 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property involved in the transaction is located at 10 Grand St, Brooklyn, NY, 11249, within the Brooklyn market. The lease encompasses a total area of 6,083 square feet. The landlord for this transaction is Two Trees Management Company.

Summary of transaction details:

This lease transaction involves key representatives from both sides, with Lance Yasinsky and Elliot Warren acting as tenant's representatives alongside Jared Sternberg. Elizabeth Bueno represents the landlord, Two Trees Management Company, in this transaction.

Players

Elizabeth Bueno

Broker

5 deals

Broker
Two Trees Management
Two Trees ManagementBrokerage
Two Trees Management
Two Trees ManagementLandlord

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