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10 Grand St, Brooklyn, NY, ...

Prose Leases 12000 Square Feet At 10 Grand St Brooklyn Represented By Marcus Rayner And Daniel Conlon
LEASEDOffice

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:

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

Marcus Rayner

Colliers

Broker

5 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