Updated Nov 28, 2024
RXR Realty Leases 18000 Square Feet At 475 Clermont Ave Brooklyn With Andrew Clemens As Landlord's Rep
475 Clermont Ave, Brooklyn, NY, 11238
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Jan 10, 2020
About this deal
AI
The property involved in this transaction is located at 475 Clermont Ave, Brooklyn, NY, 11238. The asset has a total square footage of 18,000 and is situated in the Brooklyn market. The landlord for this lease is RXR Realty.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 475 Clermont Ave, Brooklyn, NY, 11238
- Square Feet: 18,000
- Market: Brooklyn
- Landlord's Representative: Andrew Clemens (Ripco Real Estate)
- Tenant: Not specified
- Landlord: RXR Realty
The key individuals involved in the deal include Andrew Clemens, who represents the landlord, RXR Realty, in this transaction. Further details about the tenant are not provided.
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