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
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93