DICE Leases 13300 Square Feet At 10 Grand St Brooklyn From Two Trees Management Company
10 Grand St, Brooklyn, NY, 11249
Building Size
13,300 SF
Asset Type
Office
Closing
Nov 29, 2021
AI
This lease transaction involves a property located at 10 Grand St, Brooklyn, NY, with a square footage of 13,300. It is situated in the Brooklyn market. The landlord for this property is Two Trees Management Company.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 10 Grand St, Brooklyn, NY, 11249
- Square Feet: 13,300
- Tenant: DICE
- Landlord: Two Trees Management Company
- Tenant's Representatives: Joseph (Joe) Cirone - CBRE, Jason Kroeger - Cushman & Wakefield
The deal features tenant DICE represented by Joseph (Joe) Cirone from CBRE and Jason Kroeger from Cushman & Wakefield. The involvement of these representatives underscores their role in facilitating this lease transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93