LEASEDOffice
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
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.
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