Updated Oct 29, 2024
Freelancers Union Leases 4413 Square Feet At 31st St Brooklyn With Angelo Gordon As Landlord
31st St, Brooklyn, NY, 11232
Building Size
4,413 SF
Asset Type
MultiFamily
Closing
Apr 26, 2022
About this deal
AI
The leased property is located at 31st St, Brooklyn, NY, 11232, within the Brooklyn market. It encompasses a total square footage of 4,413. The property is part of a transaction involving Angelo, Gordon & Co. as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 31st St, Brooklyn, NY, 11232
- Market: Brooklyn
- Square Feet: 4,413
- Landlord: Angelo, Gordon & Co.
- Landlord's Representative: Jeff Fein - Industry City
- Tenant: Freelancers Union
Key individuals in this transaction include Jeff Fein, representing Angelo, Gordon & Co., and the tenant, Freelancers Union, which will occupy the space under the lease agreement.
On the Map
MultiFamily
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93