Flatbush Food Co-op Leases Office Space At 1723 East 12th Street In Brooklyn For $45/SF
1723 East 12th Street
$45
$45/SF
Building Size
3,200 SF
Asset Type
Office
Closing
Sep 1, 2026
About this deal
AI
The property asset involved in this transaction is an office lease located at 1723 East 12th Street in Brooklyn. The leased space encompasses 3,200 square feet and has an asking rent of $45 per square foot. The lease agreement is structured as a Modified Gross Lease with a term of 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $144,000
- Address: 1723 East 12th Street
- Market: Brooklyn
- Landlord: Lenny Vayner
- Tenant: Flatbush Food Co-op
- Brokers: Eddie Keda & Jonathan Lib - Momentum Realty Group
Eddie Keda and Jonathan Lib from Momentum Realty Group represented the tenant, Flatbush Food Co-op, in this lease transaction. Lenny Vayner acted as the landlord, facilitating the agreement for the specified property.
On the Map
$45
$45/SF
Office
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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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93