Updated Oct 29, 2024
Panel Decor Corp. Leases Industrial Space At 85 Debevoise Avenue In East Williamsburg Through Lauren Curcio - Worth Property Group
85A Debevoise Avenue, Brooklyn, NY 11222, USA
$30
$30/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Apr 15, 2021
About this deal
AI
Panel Decor Corp., an industrial tenant, has signed a lease for a 5,000 square foot space located at 85 Debevoise Avenue in East Williamsburg. The transaction was facilitated by Lauren Curcio of Worth Property Group. The asking rent for the space was $30 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Lease
- Date: 04/15/2021
- Address: 85 Debevoise Avenue
- Market: East Williamsburg
Lauren Curcio of Worth Property Group served as the exclusive agent for the entire block, repositioning 12 new tenants over the past few years.
On the Map
$30
$30/SF
Industrial
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Players
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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93