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10 Grand Street, Williamsbu...

Social Chain Leases Office Space In Williamsburg From Two Trees Management
LEASEDOffice

Social Chain Leases Office Space In Williamsburg From Two Trees Management

10 Grand Street, Williamsburg, Brooklyn, NY, USA

Building Size

6,083 SF

Asset Type

Office

Closing

Mar 28, 2021

AI

A lease transaction was recently closed in Williamsburg, involving an office property located at 10 Grand Street. The property, spanning approximately 6,083 square feet, was leased by the tenant, Social Chain, from the landlord, Two Trees Management. The tenant's representatives, Christina Combias and Sam Akleh from Voro NYC, facilitated the deal, while Alyssa Zahler represented the landlord. The asking rent for the space was $61 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 10 Grand Street
  • Market: Williamsburg
  • Tenant: Social Chain
  • Landlord: Two Trees Management
  • Tenant's Representative: Christina Combias & Sam Akleh - Voro NYC
  • Landlord's Representative: Alyssa Zahler
  • Asking Rent: $61/ft.
  • Square footage: 6,083

The lease transaction for the office space at 10 Grand Street in Williamsburg was successfully completed. Social Chain secured the lease agreement, with Christina Combias and Sam Akleh representing them as part of Voro NYC. Alyssa Zahler acted as the landlord's representative in the deal.

Players

Christina Combias

Voro Real Estate

Broker

$4.3M

vol

9 deals

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

New York 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