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10 Grand St, Brooklyn, NY, ...

Two Trees Management Leases Office Space In Brooklyn To Blank Street
LEASEDOffice

Two Trees Management Leases Office Space In Brooklyn To Blank Street

10 Grand St, Brooklyn, NY, 11249

Building Size

16,175 SF

Asset Type

Office

Closing

Jun 21, 2022

AI

The property at 10 Grand St, Brooklyn, NY, 11249, is an office space comprising 16,175 square feet. The lease for this asset was finalized on 06/21/2022 in the Brooklyn market. The tenant, Blank Street, was represented by Michael Yadgard and Noah Jay from Compass, while the landlord in this transaction was Two Trees Management.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Tenant: Blank Street
  • Tenant's Representatives: Michael Yadgard (Compass), Noah Jay (Compass)
  • Landlord: Two Trees Management
  • Square Feet: 16,175

The deal involving the lease of 10 Grand St brought together the tenant, Blank Street, with its representatives Michael Yadgard and Noah Jay from Compass, and the landlord, Two Trees Management. Each party played a crucial role in the successful conclusion of this transaction.

Players

Michael Yadgard

Compass

Broker

$31.8M

vol

13 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