RiseBoro Community Partnership Inc Leases 4989 Square Feet At 378 Grove St Brooklyn For $40/SF
378 Grove St, Brooklyn, NY, 11237
$40
$40/SF
Building Size
4,989 SF
Asset Type
Medical Office
Closing
Nov 19, 2023
AI
The property involved in the transaction is a leased space located at 378 Grove St, Brooklyn, NY 11237. The lease agreement outlines a rent of $40 per square foot for a total of 4,989 square feet. The market for this transaction is identified as Brooklyn.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 378 Grove St, Brooklyn, NY, 11237
- Market: Brooklyn
- Landlord: 380 GROVE STREET LLC
- Landlord's Representative: Chandler Slate - Tri State Commercial Realty
- Tenant: RiseBoro Community Partnership Inc
- Rent/SF: $40
- Square Feet: 4,989
Chandler Slate represents the landlord 380 GROVE STREET LLC in this transaction. The tenant involved in the lease is RiseBoro Community Partnership Inc. This lease agreement reflects the ongoing activities in the Brooklyn market.
Players
Brooklyn Medical Office Market Snapshot
Boundary boundary · Medical Office · 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