Coalition For Hispanic Family Services Leases Office Space At 1308 Myrtle Avenue Brooklyn For 9 Years
1308 Myrtle Avenue
$40
$40/SF
Building Size
2,716 SF
Asset Type
Office
Closing
Jul 1, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 1308 Myrtle Avenue, Brooklyn. The lease term established is for nine years under a NNN lease structure. The asking rent for the space covering 2,716 square feet is priced at $40 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $40/ft
- Lease Term: 9 Years
- Lease Type: NNN Lease
- Landlord: Urban View
- Tenant: Coalition For Hispanic Family Services
- Landlord's Representative: John Le Vine & Joseph DiPiazza - EXR
- Tenant's Representative: William O'Brien - M.C. O'Brien
This transaction reflects the collaboration between multiple professionals where John Le Vine and Joseph DiPiazza represented Urban View, ensuring the landlord's interests were addressed, while William O'Brien represented Coalition For Hispanic Family Services in securing the office space on their behalf.
On the Map
$40
$40/SF
Office
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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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93