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
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
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
721045.45%
Cash-on-Cash
-206077.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93