Porsche & Volvo Lease 60,000 SF Mixed-use Space In Brooklyn With Tenant's Rep Esther Bukai
274 36th Street, Brooklyn, NY, USA
Building Size
60,000 SF
Asset Type
Mixed-use
Closing
Jul 14, 2021
About this deal
AI
274 36th Street, located in the Brooklyn market, has been leased in a closed transaction. The mixed-use property spans 60,000 square feet and offers a range of possibilities for its tenants.
Summary of transaction details
- Property Type: Mixed-use
- Tenant: Porsche & Volvo
- Landlord: Belvedere Capital, Jamestown & Angelo Gordon & Co.
- Tenant's Rep: Esther Bukai - RIPCO Real Estate
- Asking Rent: $15-40/ft.
- Term: 10 Years
Esther Bukai from RIPCO Real Estate represented Porsche & Volvo in this lease deal, acting as their tenant's representative. The exact terms of the lease remain undisclosed.
On the Map
Mixed-use
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93