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10 Grand St, Brooklyn, NY, ...

DICE Leases 13300 Square Feet At 10 Grand St Brooklyn From Two Trees Management Company
LEASEDOffice

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

Jason Kroeger

Cushman & Wakefield

Broker

4 deals

Broker
Two Trees Management
Two Trees ManagementBrokerage
Two Trees Management
Two Trees ManagementLandlord

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