Updated Sep 9, 2024
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
About this deal
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.
On the Map
Industrial
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Brooklyn Industrial Market Snapshot
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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