Sonder USA Leases Hotel In Gowanus, Brooklyn From Red Pine Capital Partners
LEASED
New York
See Similar DealsHotel25,000 SF
Leased
LEASED
Sonder USA Leases Hotel In Gowanus, Brooklyn From Red Pine Capital Partners
645-651 Union Street, Brooklyn, NY, USA
See Similar DealsHotel25,000 SF
Leased
Summary
NEW YORK
Asset Type:Hotel
Total Square Footage:25000 SF
Transaction Type:Lease
The recently closed property transaction in Gowanus, Brooklyn involved a hotel located at 645-651 Union Street. The asset encompasses approximately 25,000 square feet and is situated in the vibrant Gowanus market.
Summary of transaction details
- Property Type: Hotel
- Transaction Date: 06/01/2021
- Landlord: Red Pine Capital Partners - Michael K. Federman
- Tenant: Sonder USA - Brooks Crowley & Francis Davidson
- Broker: Robin Scott - Cayuga Management
- Asking Rent: $70/ft.
The esteemed individuals involved in this deal include Brooks Crowley and Francis Davidson representing Sonder USA as the tenant. The landlord, Red Pine Capital Partners, is represented by Michael K. Federman. The transaction was facilitated by Robin Scott of Cayuga Management as the broker.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,432,984.91
Total Lease Value
$14,329,849.14
Net Landlord Cash Flow$1,432,984.91
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