CPEX Real Estate Leases 5000 Square Feet At 1 Brooklyn Bridge Park With Tenant's Rep Hal Lerhman
1 Brooklyn Bridge Park, Brooklyn, NY
$50
$50/SF
Building Size
5,000 SF
Asset Type
Office
Closing
May 11, 2020
AI
The property involved in this transaction is located at 1 Brooklyn Bridge Park, Brooklyn, NY. The rental rate is set at $50 per square foot, and the total space available is 5,000 square feet within the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1 Brooklyn Bridge Park, Brooklyn, NY
- Market: Brooklyn
- Tenant's Representative: Hal Lerhman
- Landlord's Representative: Keat Chew - Kinetic Real Estate Group
- Tenant: Not specified
- Landlord: CPEX Real Estate
- Rent/SF: $50
- Square Feet: 5,000
Key individuals representing both parties in the lease were Hal Lerhman, who acted on behalf of the tenant, and Keat Chew from Kinetic Real Estate Group, representing the landlord, CPEX Real Estate, throughout the transaction.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93