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180 North 11th Street, Broo...

East River Pilates Leases Industrial Space In Brooklyn For $50/ft. At 180 North 11th Street
LEASEDIndustrial

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

Chris Havens

Terra CRG

Broker

2 deals

Broker
GP
Great Point PropertiesLandlord

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