Callen-Lorde Community Health Center Leases 25000 Square Feet At 40 Flatbush Ave Ext Brooklyn
40 Flatbush Ave Ext, Brooklyn, NY, 11...
Building Size
25,000 SF
Asset Type
Medical Office
Closing
Mar 30, 2017
AI
The property involved in the transaction is located at 40 Flatbush Ave Ext, Brooklyn, NY, encompassing a total square footage of 25,000. The market for this property is Brooklyn, and it is under a lease agreement.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Disclosed
- Address: 40 Flatbush Ave Ext, Brooklyn, NY
- Market: Brooklyn
- Square Feet: 25,000
- Tenant: Callen-Lorde Community Health Center
- Landlord: 40 Flatbush Realty Associates
- Tenant's Representative: Carri Lyon, Cushman & Wakefield
The key individuals involved in this transaction include the tenant, Callen-Lorde Community Health Center, and the landlord, 40 Flatbush Realty Associates, with Carri Lyon from Cushman & Wakefield representing the tenant in the deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93