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1 Dock 72 Way, Brooklyn Nav...

Huge Leases Office Space At 1 Dock 72 Way In Navy Yard
LEASEDOffice

Huge Leases Office Space At 1 Dock 72 Way In Navy Yard

1 Dock 72 Way, Brooklyn Navy Yard, New York, NY 11251

Building Size

71,000 SF

Asset Type

Office

Closing

Jul 31, 2022

AI

The office property located at 1 Dock 72 Way in Navy Yard has been leased in a transaction involving Huge as the tenant. The lease deal was facilitated by brokers Cara Chayet and David Hollander from CBRE, Winter Stockwell from Huge, Andrew Levin from Boston Properties, and Robert Steinman from Rudin. The lease was executed between the tenant, Huge, and the landlord, Rudin Management & Boston Properties represented by Eric Rudin.

Summary of transaction details:

This lease transaction was executed on 08/01/2022, with an asking rent ranging between $50-60 per square foot. The office space comprises 71,000 square feet.

Players

Cara Chayet

CBRE

Broker

6 deals

Broker
Rudin Management Company
Rudin Management CompanyLandlord

New York Office Market Snapshot

Boundary boundary · Office · 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