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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 341 39th St, Brooklyn, NY, 11232
- Square Feet: 20,088
- Landlord: New Gables Capital
- Landlord's Representative: Alex Rosenblum (Newmark), David Berke (Newmark Knight Frank), David Berkey (L&L Holding Company)
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
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