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
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