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1633 East 16th Street, Broo...

Updated Oct 29, 2024

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Michaels Stores Leases 22000 Square Feet At 1633 East 16th Street Brooklyn From AB Capstone
LEASEDOffice

Michaels Stores Leases 22000 Square Feet At 1633 East 16th Street Brooklyn From AB Capstone

1633 East 16th Street, Brooklyn, NY 11229, USA

Building Size

22,000 SF

Asset Type

Office

Closing

Nov 20, 2023

About this deal

AI

No summary available.

Traded’s record for 1633 East 16th Street, Brooklyn, NY 11229, USA in Brooklyn, New York covers a office lease from 2024. The building is 22,000 square feet, implying about 0 per square foot on the published price. Named participants on the 1633 East 16th Street, Brooklyn, NY 11229, USA lease are Greg Batista. This page is the Brooklyn, New York file for the 1633 East 16th Street, Brooklyn, NY 11229, USA office leased: pricing, party profiles, and other closed office comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn office set by closing date to see what else leased near 1633 East 16th Street, Brooklyn, NY 11229, USA around 2024. Cite this Michaels Stores Leases 22000 Square Feet At 1633 East 16th Street Brooklyn From AB Capstone lease when underwriting similar office product around Brooklyn, New York.

Players

Greg Batista

Broker

$33.9M

vol

8 deals

Broker
AB Capstone
AB CapstoneLandlord

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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