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
AI
No summary available.
Players
Brooklyn 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93