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1824 Park Pl, Brooklyn, NY,...

Rosenberg Housing Group Leases 17721 SF At 1824 Park Pl Brooklyn With New Street Realty Advisors And CBRE
LEASEDMultiFamily

Rosenberg Housing Group Leases 17721 SF At 1824 Park Pl Brooklyn With New Street Realty Advisors And CBRE

1824 Park Pl, Brooklyn, NY, 11233

$30

$30/SF

Building Size

17,721 SF

Asset Type

MultiFamily

Closing

Aug 18, 2017

AI

The property located at 1824 Park Pl, Brooklyn, NY, is under a lease transaction involving a total area of 17,721 square feet. The market for this property is Brooklyn, with a rental rate of $30 per square foot.

Summary of transation details:

This transaction involved the landlord, Rosenberg Housing Group, represented by Joshua Gettler from New Street Realty Advisors and Matthew Gorman from CBRE, facilitating the lease agreement for the property.

Players

Matthew Gorman

CBRE

Broker

$179.4M

vol

15 deals

Broker

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

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93