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
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