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172 Montrose Avenue, Brookl...

Updated Sep 5, 2024

More Storage Leases Industrial Space At 172 Montrose Avenue In New York City With Aryeh Vilinsky - BH Realty Group's Rep
LEASEDIndustrial

More Storage Leases Industrial Space At 172 Montrose Avenue In New York City With Aryeh Vilinsky - BH Realty Group's Rep

172 Montrose Avenue, Brooklyn, New York 11206, United States

$22

$22/SF

Building Size

5,000 SF

Asset Type

Industrial

Closing

Dec 6, 2022

About this deal

AI

The industrial property located at 172 Montrose Avenue in New York City has been leased. The tenant, More Storage, has signed a lease agreement for a term dedicated to storage use. The lease includes a space of 5,000 square feet at an asking rent of $22 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Lease agreement
  • Date: 12/06/2022
  • Address: 172 Montrose Avenue
  • Market: New York City
  • Tenant: More Storage
  • Broker: Aryeh Vilinsky - BH Realty Group
  • Asking Rent: $22/ft
  • Square Feet: 5,000
  • Lease Term: Storage Use

Aryeh Vilinsky from BH Realty Group represented both the landlord and the tenant in this transaction. BH Realty Group is a full-service leasing brokerage that specializes in landlord and tenant representation.

Note: BH Realty Group is currently seeking to expand its business and invites real estate professionals to join their team. For more information, please email [email protected].

Players

Aryeh Vilinsky
Verified Badge

Aryeh Vilinsky

Tahari Realty

Broker

67 deals

Broker

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Deal FAQ

About $22 per square foot on a published $22 for 5,000 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

721045.45%

Cash-on-Cash

-206077.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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