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34 15th Street, Brooklyn, N...

Fat Possum Records Leases Mixed-Use Space In Flatiron For $45/ft
LEASEDMixed-use

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

Nicole Gary

Keller Williams Realty

Broker

$20M

vol

2 deals

Broker

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