Prose Leases 12000 Square Feet At 10 Grand St Brooklyn Represented By Marcus Rayner And Daniel Conlon
10 Grand St, Brooklyn, NY, 11249
Building Size
12,000 SF
Asset Type
Office
Closing
Dec 24, 2019
AI
The property involved in the transaction is located at 10 Grand St, Brooklyn, NY, 11249, within the Brooklyn market. This leased property encompasses a total of 12,000 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 10 Grand St, Brooklyn, NY, 11249
- Market: Brooklyn
- Tenant: Prose
- Landlord: Two Trees Management Company
- Tenant's Representative: Marcus Rayner-Colliers International
- Landlord's Representative: Daniel Conlon-Two Trees Management Company
In this transaction, Prose is represented by Marcus Rayner from Colliers International, while the landlord, Two Trees Management Company, is represented by Daniel Conlon. These individuals played key roles in facilitating the lease agreement.
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