Eckhart Beer Co Leases Industrial Space In Bushwick, Brooklyn
545 Johnson Ave Brooklyn, NY 11237, USA
$39
$39/SF
Building Size
7,500 SF
Asset Type
Industrial
Closing
Jun 1, 2023
AI
The industrial property at 545 Johnson Avenue in New York City has recently been leased. The landlord, Eric Cohen, has found a tenant in Eckhart Beer Co, represented by Nicholas Meyer. The lease was facilitated by brokers Corey Cohen, Chris Cavorti, and Donald Lai from The Corcoran Group. The asking rent for the 7,500 square feet space was $39 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Address: 545 Johnson Avenue, New York City
- Market: New York City
- Landlord: Eric Cohen
- Tenant: Eckhart Beer Co - Nicholas Meyer
- Brokers: Corey Cohen, Chris Cavorti & Donald Lai - The Corcoran Group
- Asking Rent: $39 per square foot
- Square Footage: 7,500
Eckhart Beer Co's decision to lease the space at 545 Johnson Avenue was influenced by the appeal of the Bushwick neighborhood and the impressive industrial atmosphere of the building. The Block, where the property is located, has become a sought-after destination for tenants looking to establish a presence in the vibrant Brooklyn community. Notable tenants currently occupying space at The Block include Vans, Valrhona, New York Distilling Company, and Eckhart Beer Co.
Those interested in exploring further opportunities at The Block can consider a 22,310 square feet space, a 22,310 square feet roof deck, and a 3,561 square feet space. For more information, it is advised to reach out to Mr. Corey Cohen.
Players
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
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93