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168 39th St, New York, NY, ...

Porsche Leases 10000 Square Feet At 168 39th St In Brooklyn With Esther Bukai As Tenant's Rep
LEASEDIndustrial

Porsche Leases 10000 Square Feet At 168 39th St In Brooklyn With Esther Bukai As Tenant's Rep

168 39th St, New York, NY, 11232

Building Size

10,000 SF

Asset Type

Industrial

Closing

Jul 15, 2021

AI

This lease transaction involves a property located at 168 39th St, New York, NY, within the Brooklyn market. The asset encompasses an area of 10,000 square feet. The landlord of the property is Angelo Gordon & Co.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not Specified
  • Address: 168 39th St, New York, NY, 11232
  • Market: Brooklyn
  • Tenant: Porsche
  • Tenant's Representative: Esther Bukai-Ripco
  • Landlord: Angelo Gordon & Co.
  • Landlord's Representative: Jim Somoza-Industry City
  • Square Feet: 10,000

Esther Bukai represented Porsche in the leasing process, while Jim Somoza represented Angelo Gordon & Co. in the transaction, facilitating the agreement between the tenant and the landlord.

Players

Esther Bukai

Ripco

Broker

$11.9M

vol

7 deals

Broker
Angelo Gordon & Co.
Angelo Gordon & Co.Landlord

Brooklyn 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93