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44 Court St, Brooklyn, NY, ...

Hector Rodriguez Of Savitt Partners Represents Tenant In Lease At 44 Court St Brooklyn
LEASEDIndustrial

Hector Rodriguez Of Savitt Partners Represents Tenant In Lease At 44 Court St Brooklyn

44 Court St, Brooklyn, NY, 11201

Building Size

7,000 SF

Asset Type

Industrial

Closing

Jan 30, 2019

AI

The property involved in this transaction is located at 44 Court St, Brooklyn, NY, 11201. This space consists of 7,000 square feet and is situated on the ground floor and lower level. It has been leased by Columbia Care, an operator in the medical cannabis industry.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 44 Court St, Brooklyn, NY, 11201
  • Market: Brooklyn
  • Tenant: Columbia Care
  • Tenant's Representative: Hector Rodriguez, Michael Dubin (Savitt Partners)
  • Landlord: Unknown
  • Square Feet: 7000

Columbia Care, recognized for opening New York City’s first marijuana dispensary, now expands its presence with this new location. Hector Rodriguez, along with Michael Dubin, represented Columbia Care in this lease, following their collaboration on a prior lease at 212 East 14th Street in the East Village. This facility aims to provide in-person pharmacist consultations and home delivery services in addition to its primary offerings.

Players

Hector Rodriguez

Helmsley Spear

Broker

1 deal

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93