Infinity Dermatology Leases Office Space At 1110 Pennsylvania Ave In East New York, Brooklyn
1110 Pennsylvania Ave, East New York, Brooklyn, NY, USA
Building Size
2,500 SF
Asset Type
Office
Closing
Jan 26, 2021
About this deal
AI
An office space located at 1110 Pennsylvania Ave in East New York, Brooklyn has been leased. The transaction took place on January 27, 2021.
Summary of transaction details
- Property Type: Office
- Address: 1110 Pennsylvania Ave
- Market: East New York, Brooklyn
- Tenant: Infinity Dermatology
- Landlord: David Farhaud
- Brokers: David Dubinsky & Nate Mallon - EXR @EXRny @RetailInBrooklyn
- Asking Rent: $55/ft.
- Square Footage: 2,500
The lease deal was facilitated by brokers David Dubinsky and Nate Mallon from EXR in collaboration with @RetailInBrooklyn. They represented both the tenant, Infinity Dermatology, and the landlord, David Farhaud.
On the Map
Office
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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