facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

10 Jay St, Brooklyn, NY, 11201

Soho Works Leases 50000 Square Feet At 10 Jay St Brooklyn From Triangle Assets With Tenant's Rep Howard Hersch
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

Howard Hersch

Newmark

Broker

23 deals

Broker
Glacial Global Partners
Glacial Global PartnersBrokerage

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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