facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

134 Broadway

Blue Panda Office Spaces Leases 10,000 Square Feet At 134 Broadway In Williamsburg
LEASEDOffice

Blue Panda Office Spaces Leases 10,000 Square Feet At 134 Broadway In Williamsburg

134 Broadway

$55

$55/SF

Building Size

10,000 SF

Asset Type

Office

Closing

Feb 4, 2025

AI

The property asset involved in this transaction is an office space located at 134 Broadway in Williamsburg, Brooklyn. The lease was signed for a term of 10 years for a space encompassing 10,000 square feet. The asking rent is set at $55 per square foot.

Summary of transaction details:

This lease marks a significant expansion for Blue Panda Office Spaces, as it becomes their fifth location in North Brooklyn, specifically aimed at servicing health care clients. The representatives involved in facilitating this agreement include William Grover and Ryan Gessin from Newmark, working on behalf of the landlords, and Harrison Balisky from Olmsted Real Estate, representing the tenant.

Players

William Grover

Newmark

Broker

$15.6M

vol

11 deals

Broker

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