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1028 Franklin Ave, Brooklyn...

Uber Leases 4979 Square Feet At 1028 Franklin Ave Brooklyn Represented By Alice Fair And Gina Damond
LEASEDOffice

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

Alice Fair

CBRE

Broker

11 deals

Broker
LC
Largavista CompaniesLandlord
U
UberTenant

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