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310 Butler Street

Gowanus Fitness Leases Industrial Space At 310 Butler St. In Brooklyn
LEASEDIndustrial

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

Jon Kamali

J3K Real Estate

Broker

$139.3M

vol

31 deals

Broker

Kenneth Chan

Landlord

$50M

vol

3 deals

Landlord

New York Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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