Millwright Leases Industrial Space At 555 Johnson Avenue In Bushwick With Brokers Corey Cohen, Amanda Bery, John Burnham & Joseph Callaway - Valkyrie Commercial
555 Johnson Avenue
$39
$39/SF
Building Size
9,600 SF
Asset Type
Industrial
Closing
Mar 1, 2023
AI
The industrial property located at 555 Johnson Avenue in Bushwick has been leased. The landlord, Eric Cohen, has secured a tenant called Millwright for this 9,600 square foot space. The lease was facilitated by brokers Corey Cohen, Amanda Bery, John Burnham, and Joseph Callaway of Valkyrie Commercial.
Summary of transaction details
- Property Type: Industrial
- Asking Rent: $39/ft
- Square Footage: 9,600
- Address: 555 Johnson Avenue, Bushwick
- Market: Bushwick
The Block in Bushwick has become a sought-after location for repurposed industrial spaces. The ground floor of this 'rarehouse' offers tall ceilings, attracting tenants who appreciate the neighborhood's Brooklyn cool vibe. The property already has notable tenants such as Vans, Valrhona, New York Distilling Company, Vassla, and Arcane Distilling. There are additional opportunities available at @theblockbk, including a 6,200 square foot space, a 22,310 square foot space, and a 22,310 square foot roof deck. For more information, interested parties can contact @mrcoreycohen.
Players
Market 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