Ready Set Leases 15k SF Office Space In Brooklyn For $25/SF
100 Sutton St, New York, NY, 11222
Building Size
15,000 SF
Asset Type
Office
Closing
Mar 15, 2016
About this deal
AI
The property asset involved in the context is an office space located at 100 Sutton St, New York, NY, 11222, within the Brooklyn market. It encompasses 15,000 square feet. The leasing transaction was initiated at an asking rent of $25 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25/SF
- Lease Date: 03/15/2016
- Tenant: Ready Set
- Landlord: Richfield Properties
- Landlord's Representative: Neil Dolgin
In this transaction, the set design firm Ready Set secured a 10-year lease agreement. Neil Dolgin from Kalmon Dolgin Affiliates represented both the landlord Richfield Properties and the tenant Ready Set in the deal.
On the Map
Office
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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