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126 Wyckoff Avenue

Klosed Properties Leases Mixed-use Space To Total By Verizon At 126 Wyckoff Avenue
LEASEDMixed-use

Klosed Properties Leases Mixed-use Space To Total By Verizon At 126 Wyckoff Avenue

126 Wyckoff Avenue

$75

$75/SF

Building Size

1,000 SF

Asset Type

Mixed-use

Closing

May 21, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 126 Wyckoff Avenue, Brooklyn. The space available for lease encompasses 1,000 square feet, with an asking rent set at $75 per square foot. The lease type is structured as a Modified Gross Lease.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $75/ft
  • Square Footage: 1,000
  • Landlord: Klosed Properties
  • Tenant: Total by Verizon
  • Broker: Meyer Dagmy - MOD
  • Lease Date: 5/22/2025

The deal involves Klosed Properties as the landlord and Total by Verizon as the tenant, with Meyer Dagmy of MOD representing the transaction. This collaboration indicates a strategic partnership for both the landlord seeking to lease the property and the tenant aiming to establish operations in the space.

Players

Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker
Klosed Properties
Klosed PropertiesLandlord

Brooklyn 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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93