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
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