East River Pilates Leases Industrial Space In Brooklyn For $50/ft. At 180 North 11th Street
180 North 11th Street, Brooklyn, NY 11249
Building Size
1,500 SF
Asset Type
Industrial
Closing
Aug 9, 2018
AI
The industrial property located at 180 North 11th Street in Brooklyn has been leased. The tenant, East River Pilates, will occupy a space measuring 1,500 square feet. The lease price is set at $50 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50/ft
Representing the tenant, East River Pilates, in this lease deal are brokers Chris Havens and Jordan Anhalt from TerraCRG. Tom Modine and Warren Lewis from Sotheby's represent the landlord, Great Point Properties.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93