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
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