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309 Bergen St, New York, NY...

Abingdon Square Partners Leases 2500 SF Commercial Space At 309 Bergen St, Brooklyn
LEASEDCommercial

Abingdon Square Partners Leases 2500 SF Commercial Space At 309 Bergen St, Brooklyn

309 Bergen St, New York, NY, 11217

Building Size

2,500 SF

Asset Type

Commercial

Closing

Nov 8, 2019

AI

Located at 309 Bergen St, New York, NY, 11217 in Brooklyn, this commercial property spans 2,500 square feet. The landlord, B & Z Steel Equipment Company, finalized a lease agreement with the tenant Abingdon Square Partners on 11/08/2019.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not Applicable
  • Market: Brooklyn
  • Landlord's Rep: Peter Weisman
  • Tenant: Abingdon Square Partners

Noteworthy individuals involved in this deal include Peter Weisman as the landlord's representative and the tenant, Abingdon Square Partners. Both parties successfully closed the lease agreement for the commercial property.

Players

Peter Weisman

Weisman NYC

Broker

$36.9M

vol

12 deals

Broker
BC
B & Z Steel Equipment CompanyLandlord
AP
Abingdon Square PartnersTenant

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