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:
- Property Type: Industrial
- Transaction Amount: $40/ft
- Address: 83 Gardner Avenue
- Market: Brooklyn
- Landlord: The Block
- Tenant: Casa Tua
- Landlord's Rep: Corey Cohen & Eitan Hakami - Greiner-Maltz Real Estate
- Tenant's Rep: Joe Robinson - Newmark
- Lease Type: Modified Gross Lease
- Square Footage: 3,651
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
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