Walker Kitchens Leases 11,000 SF Office Space At 160 Van Brunt Street, Brooklyn
160 Van Brunt StBrooklyn, NY 11231, USA
$30
$30/SF
Building Size
11,000 SF
Asset Type
Office
Closing
Jun 14, 2023
AI
Walker Kitchens has signed a lease for a 11,000-square-foot space at 160 Van Brunt Street in Red Hook, Brooklyn. The property, also known as the Tesla Building, is owned by FM Capital. The lease terms are set for five years with an asking rent of $30 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 160 Van Brunt Street, Brooklyn
- Market: Brooklyn
The tenant, Walker Kitchens, was represented by the team of Joseph Bouzaglou, Eddie Keda, and Chandler Slate from Tri State Commercial Realty.
Players
New York 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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93