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1 Wythe Avenue

Acme Smoked Fish Leases 18000 Square Feet Office At 1 Wythe Avenue Greenpoint
LEASEDOffice

Acme Smoked Fish Leases 18000 Square Feet Office At 1 Wythe Avenue Greenpoint

1 Wythe Avenue

$80

$80/SF

Building Size

18,000 SF

Asset Type

Office

Closing

Oct 2, 2024

AI

The property asset involved in the transaction is an office space located at 1 Wythe Avenue in Greenpoint, Brooklyn. Acme Smoked Fish has signed a lease for the property, occupying 18,000 square feet at an asking rent of $80 per square foot. The lease term is set for 10 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $80/ft
  • Square Footage: 18,000
  • Lease Term: 10-year lease
  • Address: 1 Wythe Avenue
  • Market: Greenpoint, Brooklyn
  • Landlord: Shlomo Karpen
  • Tenant: Acme Smoked Fish
  • Broker: Nathaniel Mallon - Verada

The deal was facilitated by Nathaniel Mallon, representing Verada as the broker. Acme Smoked Fish is moving from its longtime location at 30 Gem Street to the new site at 1 Wythe Avenue, marking a significant transition for the tenant.

Players

Nathaniel Mallon

Verada

Broker

$9.8M

vol

24 deals

Broker

Brooklyn 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

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93