facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Lease

/

35 Commercial Street

Greenpoint's Children Daycare Leases Mixed-Use Space At 35 Commercial Street In Brooklyn
LEASEDMixed-use

Greenpoint's Children Daycare Leases Mixed-Use Space At 35 Commercial Street In Brooklyn

35 Commercial Street

$70

$70/SF

Building Size

6,000 SF

Asset Type

Mixed-use

Closing

Jul 31, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 35 Commercial Street in Brooklyn. The asking rent is set at $70 per square foot for a total of 6,000 square feet. The lease type is a Modified Gross Lease, highlighting the structure of expenses covered by the tenant and landlord.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $70/ft
  • Square Footage: 6,000
  • Address: 35 Commercial Street
  • Market: Brooklyn
  • Landlord: NYC housing partnership
  • Tenant: Greenpoint's Children Daycare
  • Landlord's Rep: Peter Schubert - Terra CRG
  • Tenant's Rep: Eddie Mamiye & Meyer Dagmy - MOD

This deal features key representatives including Peter Schubert, who serves as the landlord's representative from Terra CRG, and Eddie Mamiye along with Meyer Dagmy representing the tenant, Greenpoint's Children Daycare from MOD. Their roles were essential in finalizing the lease agreement between the involved parties.

Players

Peter Schubert

Terra CRG

Broker

$2.2M

vol

7 deals

Broker
Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker
NP
NYC Housing PartnershipLandlord

Brooklyn 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93