Updated Oct 29, 2024
Puerto Rican Family Institute Leases 5000 SF Space At 12 Park St Brooklyn From Bond Collective
12 Park St, Brooklyn, NY, 11206
$31
$31/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The transaction involved a lease of 5,000 square feet located at 12 Park St, Brooklyn, NY, 11206, in the Brooklyn market. The rent per square foot was set at $31.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $155,000
- Address: 12 Park St, Brooklyn, NY, 11206
- Market: Brooklyn
- Tenant: Puerto Rican Family Institute
- Landlord: Bond Collective
- Tenant's Representative: Edmund Beyda - Tri State Commercial Realty LLC
This lease arrangement facilitates the Puerto Rican Family Institute's operations with Bond Collective as the landlord, represented by broker Edmund Beyda from Tri State Commercial Realty LLC, enabling the institute to expand its services within the community.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
511709.68%
Cash-on-Cash
-146248.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93