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66 Court Street

Updated Dec 4, 2024

Starlight Leases Mixed-Use Space At 66 Court Street In Brooklyn
LEASEDMixed-use

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

About this deal

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.

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$100

$100/SF

Mixed-use

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Players

Isaac Bijou

MOD

Broker

$1.4M

vol

44 deals

Broker
Meyer Dagmy
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Meyer Dagmy

MOD

Broker

$5.5M

vol

98 deals

Broker
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Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Deal FAQ

About $100 per square foot on a published $100 for 2,200 square feet (2024).

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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

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