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
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