Louis Yeung Leases Office Space To Proper Prints At 1399 Myrtle Avenue Bushwick
1399 Myrtle Avenue
$25
$25/SF
Building Size
1,568 SF
Asset Type
Office
Closing
Jan 18, 2024
AI
The office located at 1399 Myrtle Avenue in Bushwick, Brooklyn, was leased to Proper Prints. The landlord, Louis Yeung, facilitated the leased transaction with an asking rent of $25 per square foot for the 1,568 square feet office under a Modified Gross Lease.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1399 Myrtle Avenue
- Market: Bushwick, Brooklyn
- Tenant: Proper Prints
- Landlord: Louis Yeung
- Brokers: David Quigua, Joseph DiPiazza & John Le Vine - EXR
- Asking Rent: $25/ft
- Lease Type: Modified Gross Lease
David Quigua, Joseph DiPiazza, and John Le Vine from EXR were the brokers representing both the landlord and the tenant in the transaction, ensuring a successful lease agreement for the office space.
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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93