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83 Gardner Avenue

The Block Leases Industrial Space To Casa Tua At 83 Gardner Avenue Brooklyn For $40/ft
LEASEDIndustrial

The Block Leases Industrial Space To Casa Tua At 83 Gardner Avenue Brooklyn For $40/ft

83 Gardner Avenue

$40

$40/SF

Building Size

3,651 SF

Asset Type

Industrial

Closing

Sep 1, 2024

AI

The property involved in this transaction is an industrial asset located at 83 Gardner Avenue in Brooklyn. It has an asking rent of $40 per square foot and encompasses a total area of 3,651 square feet. The lease is classified as a modified gross lease.

Summary of transaction details:

This lease transaction was facilitated by key representatives in the industry, with Corey Cohen and Eitan Hakami representing the landlord, The Block, while Joe Robinson represented the tenant, Casa Tua.

Players

Corey Cohen

Broker

5 deals

Broker

Brooklyn 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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93