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274 36th Street, Brooklyn, ...

Porsche & Volvo Lease 60,000 SF Mixed-use Space In Brooklyn With Tenant's Rep Esther Bukai
LEASEDMixed-use

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

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.

Players

Esther Bukai

Ripco

Broker

$11.9M

vol

7 deals

Broker
BC
Belvedere CapitalLandlord
P
PorscheTenant
V
VolvoTenant

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

Loading comparables…

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