Todd Parjonas Leases 12000 Square Feet At 196 4th Ave Brooklyn With George Danut As Rep
196 4th Ave, Brooklyn, NY, 11217
$50
$50/SF
Building Size
12,000 SF
Asset Type
Commercial
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 196 4th Ave, Brooklyn, NY, 11217. The total square footage of the property is 12,000, with a rent price of $50 per square foot. The market for this property is Brooklyn.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 196 4th Ave, Brooklyn, NY, 11217
- Square Feet: 12,000
- Rent/SF: $50
- Landlord: Todd Parjonas
- Landlord's Representative: George Danut-JLL
- Tenant: Not specified
Key individuals involved in this transaction include Todd Parjonas as the landlord and George Danut from JLL representing the landlord in this lease agreement. The details regarding the tenant are not specified in the context.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93