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
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.
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