Artist Studio Leases 450 Square Feet At 230 Walworth St Brooklyn From Chess Builders With Rep Duvy Biller
230 Walworth St, Brooklyn, NY, 11205
$42
$42/SF
Building Size
450 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 230 Walworth St, Brooklyn, NY, 11205. This lease transaction features an Artist Studio with a rental rate of $42 per square foot and covers a total area of 450 square feet in the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: 18,900
- Address: 230 Walworth St, Brooklyn, NY, 11205
- Market: Brooklyn
- Tenant: Artist Studio
- Landlord: Chess Builders
- Tenant's Representative: Duvy Biller - Tri State Commercial Realty
This transaction reflects the collaborative efforts between the tenant and the landlord, with Duvy Biller representing the tenant, ensuring the necessary agreements were reached for the lease of the studio space.
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
377690.48%
Cash-on-Cash
-107945.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93