Starlight Leases Mixed-Use Space At 66 Court Street In Brooklyn
66 Court Street
$100
$100/SF
Building Size
2,200 SF
Asset Type
Mixed-use
Closing
Apr 1, 2024
AI
The mixed-use property located at 66 Court Street in Brooklyn was involved in a lease transaction between Landlord Kristen Watts of Heights 75 and Tenant Starlight. The lease was facilitated by Landlord's Representatives Alex Hedaya & Andrew Connolly from Newmark and Tenant's Representatives Isaac Bijou & Meyer Dagmy of MOD. The lease type was a Modified Gross Lease with an asking rent of $100 per square foot for a total space of 2,200 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not Applicable
- Address: 66 Court Street
- Market: Brooklyn
- Landlord: Kristen Watts - Heights 75
- Tenant: Starlight
- Landlord's Rep: Alex Hedaya & Andrew Connolly - Newmark
- Tenant's Rep: Isaac Bijou & Meyer Dagmy - MOD
- Asking Rent: $100/ft
- Lease Type: Modified Gross Lease
Notable individuals and companies involved in the deal were Kristen Watts as the Landlord representing Heights 75 and Starlight as the Tenant. The representation was carried out by Alex Hedaya & Andrew Connolly from Newmark on behalf of the Landlord, while Isaac Bijou & Meyer Dagmy from MOD represented the Tenant. These professionals played crucial roles in finalizing the lease agreement for the mixed-use property at 66 Court Street in Brooklyn.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93