Fat Possum Records Leases Mixed-Use Space In Flatiron For $45/ft
34 15th Street, Brooklyn, New York 11215, United States
Building Size
2,500 SF
Asset Type
Mixed-use
Closing
Oct 31, 2021
AI
The mixed-use property located at 34 W. 15th St. in the Flatiron market has been leased. The property spans 2,500 square feet and was leased by Fat Possum Records. The landlord, Adomah Corp., was represented by Eric Wong from the Real NY Commercial Team, while the tenant was represented by Nicole Gary from Keller Williams. The asking rent for the space was $45 per square foot.
Summary of Transaction Details:
- Property Type: Mixed-use
- Transaction Amount: Lease
- Address: 34 W. 15th St.
- Market: Flatiron
The deal's key individuals and companies involved in this transaction are Eric Wong from the Real NY Commercial Team, representing the landlord, and Nicole Gary from Keller Williams, representing the tenant, Fat Possum Records.
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