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
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