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341 39th St, Brooklyn, NY, ...

New Gables Capital Leases 20088 Square Feet At 341 39th St Brooklyn With Alex Rosenblum And David Berke
LEASEDCommercial

New Gables Capital Leases 20088 Square Feet At 341 39th St Brooklyn With Alex Rosenblum And David Berke

341 39th St, Brooklyn, NY, 11232

Building Size

20,088 SF

Asset Type

Commercial

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 341 39th St, Brooklyn, NY, 11232. The total square footage of the asset is 20,088. The market for this property is Brooklyn, and the landlord is New Gables Capital.

Summary of transaction details:

The key individuals and companies involved in this transaction include the landlord New Gables Capital, represented by Alex Rosenblum from Newmark, David Berke from Newmark Knight Frank, and David Berkey from L&L Holding Company.

Players

Alex Rosenblum

Newmark

Broker

4 deals

Broker

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