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294 Cooper Street

Miguel Celti Leases Industrial Space To Creo Projects At 294 Cooper Street In Bushwick
LEASEDIndustrial

Miguel Celti Leases Industrial Space To Creo Projects At 294 Cooper Street In Bushwick

294 Cooper Street

$24

$24/SF

Building Size

5,000 SF

Asset Type

Industrial

Closing

Aug 2, 2024

AI

The property involved in this transaction is an industrial asset located at 294 Cooper Street in Bushwick. The asking rent for this asset is set at $24 per square foot, encompassing a total of 5,000 square feet. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

The individuals and companies involved in this deal include Miguel Celti acting as the landlord and Creo Projects as the tenant. The broker representing the transaction is Allie Portera from Tri State Commercial Realty, facilitating the lease agreement between the landlord and tenant.

Players

Allison Portera

J3K Real Estate

Broker

4 deals

Broker

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

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93