Gowanus CrossFit Leases 4660 SF At 527 3rd Ave Brooklyn From Serabjit Singh Of 304 LLC
527 3rd Ave, Brooklyn, NY, 11215
$45
$45/SF
Building Size
4,660 SF
Asset Type
Mixed-use
Closing
Sep 12, 2017
About this deal
AI
The property involved in this transaction is located at 527 3rd Ave, Brooklyn, NY, 11215. It comprises a total area of 4,660 square feet and is situated in the Brooklyn market. The rent per square foot for this lease is $45.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 527 3rd Ave, Brooklyn, NY, 11215
- Market: Brooklyn
- Tenant: Gowanus CrossFit
- Landlord: Serabjit Singh of 304, LLC
- Tenant's Rep: Christopher Havens, TerraCRG
This transaction highlights the role of Christopher Havens from TerraCRG, who represented the tenant, Gowanus CrossFit. The landlord in this lease agreement is Serabjit Singh, associated with 304, LLC, marking the collaboration between the parties in the Brooklyn area.
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93