Uber Leases 4979 Square Feet At 1028 Franklin Ave Brooklyn Represented By Alice Fair And Gina Damond
1028 Franklin Ave, Brooklyn, NY, 11225
Building Size
4,979 SF
Asset Type
Office
Closing
Aug 30, 2018
AI
1028 Franklin Avenue is a standalone building located in Crown Heights, Brooklyn, NY. The property encompasses a total area of 4,979 square feet. The market for this location is Brooklyn.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not Disclosed
- Tenant: Uber
- Landlord: Largavista Companies
- Tenant's Representative: Alice Fair (CBRE)
- Landlord's Representative: Gina Damond (CPEX Real Estate)
This lease agreement enables Uber to open a Greenlight Hub, serving as an in-person support center for its driver-partners. The deal was facilitated by a CPEX team, which included Rich Novak and Gina Damond, representing the landlord, while the tenant was represented by Sacha Zarba and Alice Fair from CBRE.
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