Gowanus Fitness Leases Industrial Space At 310 Butler St. In Brooklyn
310 Butler Street
$50
$50/SF
Building Size
5,500 SF
Asset Type
Industrial
Closing
Sep 15, 2022
AI
Gowanus Fitness has leased an industrial property located at 310 Butler St. in Brooklyn. The property spans 5,500 square feet and the asking rent was $50 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Lease
- Address: 310 Butler St.
- Market: Brooklyn
- Tenant: Gowanus Fitness
- Landlord: Kenneth Chan
- Broker: Jon Kamali - J3K Real Estate
- Asking Rent: $50/ft.
- Square Footage: 5,500
The lease deal was facilitated by Jon Kamali from J3K Real Estate, who represented Gowanus Fitness as their broker. This transaction represents a successful leasing agreement for both the tenant and the landlord, Kenneth Chan.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93