facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

10 Jay Street, Dumbo, Brook...

Rent The Runway Leases Office Space In Dumbo, Brooklyn From Triangle Assets & Glacial Global Partners
LEASEDOffice

Rent The Runway Leases Office Space In Dumbo, Brooklyn From Triangle Assets & Glacial Global Partners

10 Jay Street, Dumbo, Brooklyn, NY, USA

Building Size

83,000 SF

Asset Type

Office

Closing

Jan 23, 2019

AI

Located at 10 Jay St in Dumbo, Brooklyn, this office property was leased on January 24, 2019. The asset spans a total of 83,000,000 square feet and is situated in the Dumbo market. The tenant for this lease is RentTheRunway, represented by Jennifer Yael. On the other hand, Triangle Assets & Glacial Global Partners acted as the landlord. The deal was facilitated by brokers Howard Hersch, Brett Harvey, and Sam Seiler from JLL, as well as Freddie Fackelmayer, Sam Mann, and Alex Benisatto from CBRE. The asking rent for this office space was $85 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Tenant: RentTheRunway - Jennifer Yael
  • Landlord: Triangle Assets & Glacial Global Partners
  • Brokers: Howard Hersch, Brett Harvey, Sam Seiler - JLL; Freddie Fackelmayer, Sam Mann, Alex Benisatto - CBRE
  • Asking Rent: $85 per square foot
  • Square Footage: 83,000,000

Players

Freddie Fackelmayer

Broker

1 deal

Broker
TA
Triangle AssetsLandlord
RR
Rent The RunwayTenant

New York 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