Cityscape Event Spaces Leases Office Space On Myrtle Avenue In Bushwick
1308 Myrtle Avenue
$55
$55/SF
Building Size
1,432 SF
Asset Type
Office
Closing
Dec 12, 2023
AI
The property at 1308 Myrtle Avenue in Bushwick, Brooklyn, underwent a lease transaction involving an office space measuring 1,432 square feet. Urban View Real Estate represented the landlord, while Cityscape Event Spaces was the tenant. The lease was of a Modified Gross Lease type with an asking rent of $55 per square foot.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Urban View Real Estate
- Tenant: Cityscape Event Spaces
- Landlord's Rep: John Le Vine & Joseph DiPiazza - EXR
- Tenant's Rep: Eddie Keda & Maurice Amar - Tri State Commercial Realty
- Address: 1308 Myrtle Avenue
- Market: Bushwick, Brooklyn
- Lease Type: Modified Gross Lease
- Asking Rent: $55 per square foot
- Square Footage: 1,432
The deal involved key individuals such as John Le Vine and Joseph DiPiazza from EXR representing the landlord Urban View Real Estate. On the other side, Eddie Keda and Maurice Amar from Tri State Commercial Realty acted as the tenant's representatives for Cityscape Event Spaces. The successful lease transaction demonstrated the collaboration between these skilled real estate professionals in facilitating the agreement for the office space at 1308 Myrtle Avenue.
Players
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93