Soho Works Leases 50000 Square Feet At 10 Jay St Brooklyn From Triangle Assets With Tenant's Rep Howard Hersch
10 Jay St, Brooklyn, NY, 11201
Building Size
50,000 SF
Asset Type
Office
Closing
Jan 24, 2019
About this deal
AI
The property asset involved in the transaction is located at 10 Jay St, Brooklyn, NY, 11201. It spans a total of 50,000 square feet and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Soho Works
- Tenant's Representative: Howard Hersch - JLL
- Landlord: Triangle Assets
This transaction highlights the representation of Soho Works by Howard Hersch from JLL, facilitating the lease agreement with Triangle Assets as the landlord.
Traded’s record for 10 Jay St, Brooklyn, NY, 11201 in Brooklyn, New York covers a office lease from 2019. The building is 50,000 square feet, implying about 0 per square foot on the published price. Howard Hersch, JLL, Glacial Global Partners appear on the lease alongside JLL, Glacial Global Partners. This page is the Brooklyn, New York file for the 10 Jay St, Brooklyn, NY, 11201 office leased: pricing, party profiles, and other closed office comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn office set by closing date to see what else leased near 10 Jay St, Brooklyn, NY, 11201 around 2019. Cite this Soho Works Leases 50000 Square Feet At 10 Jay St Brooklyn From Triangle Assets With Tenant's Rep Howard Hersch lease when underwriting similar office product around Brooklyn, New York.
Players
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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