Updated Oct 29, 2024
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
About this deal
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.
On the Map
Industrial
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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