Updated Dec 4, 2024
Tesla Leases Retail Space At 92 9th Street In Brooklyn With Landlord Joseph Hamway
92 9th Street
Building Size
80,000 SF
Asset Type
Industrial
Closing
Jul 1, 2024
About this deal
AI
This retail asset located at 92 9th Street in Brooklyn has a total area of 80,000 square feet and is under a modified gross lease agreement. The asking rent for this property is set at $45 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Landlord: Joseph Hamway
- Tenant: Tesla
- Asking Rent: $45/ft
- Lease Type: Modified Gross Lease
- Market: Brooklyn
- Brokers: Brett Weinblatt & Ralph Hanan - Compass
The deal involves notable individuals including landlord Joseph Hamway and tenant Tesla, represented by brokers Brett Weinblatt and Ralph Hanan from Compass. This transaction highlights a key interaction between a well-known tenant and its strategic location in Brooklyn.
On the Map
Industrial
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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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93