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198 Randolph Street

Listen Brooklyn Leases Industrial Space In Bushwick, Brooklyn To Join The Block
LEASEDIndustrial

Listen Brooklyn Leases Industrial Space In Bushwick, Brooklyn To Join The Block

198 Randolph Street & 200 Randolph Street

$60

$60/SF

Building Size

4,400 SF

Asset Type

Industrial

Closing

Nov 15, 2023

AI

An industrial space located at 198-200 Randolph Street in the vibrant Bushwick market has been leased. The property measures 2,200 square feet and features a ground floor 'rarehouse' with tall ceilings. The lease term is 10 years with an asking rent of $60 per square foot. The lease type is NNN (Triple Net Lease). Eric Cohen is the landlord of the property.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Address: 198-200 Randolph St
  • Market: Bushwick, Brooklyn
  • Tenant: Listen Brooklyn
  • Broker: Corey Cohen - The Roebling Group
  • Asking Rent: $60/ft
  • Square Footage: 2,200
  • Lease Type: NNN Lease
  • Lease Term: 10 years

An industrial space located at 198-200 Randolph Street in Bushwick has been leased by Listen Brooklyn. The Block, as the property is known, has become a hub for creatives and legacy brands, housing various well-known names. With its industrial charm and 19' ceilings, The Block provides an ideal space for expression. Listen Brooklyn, known for their best-in-class speaker equipment and music-oriented culture, is set to elevate the neighborhood's cool atmosphere even further. Corey Cohen from The Roebling Group represented Eric Cohen, the landlord, in this transaction.

For more information about the property, please reach out to Corey Cohen at @mrcoreycohen or Eric Cohen at @ebccapital_.

Players

Corey Cohen

Broker

5 deals

Broker

Eric Cohen

Landlord

$241M

vol

7 deals

Landlord

Elkins 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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93