Updated Oct 29, 2024
NYC Fire Department Secures Deal For 35,000 Sqft Truck Service Center In Greenpoint, Brooklyn
59 Paidge Ave Brooklyn, NY 11222, USA
$20
$20/SF
Building Size
35,000 SF
Asset Type
Industrial
Closing
Jul 18, 2023
About this deal
AI
The New York City Fire Department has secured a deal to maintain its 35,000-square-foot truck service center at 59 Paidge Avenue in Greenpoint, Brooklyn. The industrial property will continue to serve as a crucial facility for the city's firefighting operations.
Summary of transaction details
- Property Type: Industrial
- Asking Rent: $20 per square foot
- Square Footage: 35,000
- Address: 59 Paidge Avenue, Greenpoint, Brooklyn
- Market: Greenpoint, Brooklyn
This lease agreement signifies the commitment of the New York City Fire Department to maintain its truck service center in Greenpoint, Brooklyn. The securement of this deal ensures the continuity of essential firefighting services in the area. The facility at 59 Paidge Avenue will continue to support the city's fire department in their ongoing efforts to protect the community.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93