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
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