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120 Union Ave, Brooklyn, NY...

Updated Sep 9, 2024

HOD Union Leases Mixed-Use Space In Williamsburg, Brooklyn At 120 Union Avenue, EXRNY Brokers Represented
LEASEDMixed-use

HOD Union Leases Mixed-Use Space In Williamsburg, Brooklyn At 120 Union Avenue, EXRNY Brokers Represented

120 Union Ave, Brooklyn, NY 11206, USA

Building Size

1,835 SF

Asset Type

Mixed-use

Closing

Aug 19, 2020

About this deal

AI

Located in the vibrant neighborhood of Williamsburg, Brooklyn, a mixed-use property at 120 Union Avenue has recently been leased. The property spans 1,835 square feet and was offered at an asking rent of $55 per square foot. HOD Union, the tenant, secured this space for their operations.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: Not specified
  • Address: 120 Union Avenue, Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn
  • Asking Rent: $55 per square foot
  • Square Footage: 1,835

The leasing deal was facilitated by Brendan Thrapp, Nate Mallon, and Joseph DiPiazza from EXRNY. For more information about the property or leasing inquiries, interested parties can directly contact Brendan Thrapp at (201) 787-9679 or [email protected], Nate Mallon at (860) 416-7288 or [email protected], and Joseph DiPiazza at (917) 789-3009 or [email protected].

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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

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