facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

1308 Myrtle Avenue

Coalition For Hispanic Family Services Leases Office Space At 1308 Myrtle Avenue Brooklyn For 9 Years
LEASEDOffice

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

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.

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker
EXR
EXRBrokerage
UV
Urban ViewLandlord

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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