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:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 10 Grand St, Brooklyn, NY, 11249
- Market: Brooklyn
- Square Feet: 6083
- Tenant: Chronograph
- Landlord: Two Trees Management Company
- Tenant's Representative: Lance Yasinsky (JLL), Elliot Warren (Kaufman Organization), Jared Sternberg
- Landlord's Representative: Elizabeth Bueno
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
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