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545 Johnson Ave Brooklyn, N...

Eckhart Beer Co Leases Industrial Space In Bushwick, Brooklyn
LEASEDIndustrial

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:

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

Christopher Cavorti

The Corcoran Group

Broker

$50.5M

vol

7 deals

Broker

Eric Cohen

Landlord

$241M

vol

7 deals

Landlord

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

406743.59%

Cash-on-Cash

-116248.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93