Brooklyn Basketball Academy Leases Industrial Space At 162 25th Street In New York City With Sam Hamway - REQCE Commercial
162 W 25th St New York, NY 10001, USA
$35
$35/SF
Building Size
6,500 SF
Asset Type
Industrial
Closing
May 1, 2023
AI
The recently closed property transaction in New York City involved an industrial asset located at 162 25th Street. The property, spanning a total of 6,500 square feet, was leased by Brooklyn Basketball Academy. The deal took place on 05/01/2023 and the asking rent was set at $35 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Tenant: Brooklyn Basketball Academy
- Broker: Sam Hamway - REQCE Commercial
Sam Hamway from REQCE Commercial represented Brooklyn Basketball Academy as their broker in this deal.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93