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:
- Property Type: Industrial
- Transaction Amount: $120,000
- Address: 294 Cooper Street
- Market: Bushwick
- Landlord: Miguel Celti
- Tenant: Creo Projects
- Broker: Allie Portera - Tri State Commercial Realty
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
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