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1808 Avenue P, Brooklyn, Ne...

PCS Solutions Leases Office Space At 1808 Avenue P In Midwood
LEASEDOffice

PCS Solutions Leases Office Space At 1808 Avenue P In Midwood

1808 Avenue P, Brooklyn, New York 11229, United States

Building Size

6,000 SF

Asset Type

Office

Closing

Feb 5, 2022

AI

PCS Solutions has leased an office space located at 1808 Avenue P in Midwood. The property, with a total area of 6,000 square feet, was leased at an asking rent of $30 per square foot. The lease transaction was facilitated by Fredy Halabi and Avi Akiva of Tri State Commercial Realty, representing the tenant.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 1808 Avenue P
  • Market: Midwood
  • Landlord: Jacob Duetsch, represented by 18 & P
  • Tenant: PCS Solutions
  • Brokers: Fredy Halabi & Avi Akiva from Tri State Commercial Realty

Fredy Halabi and Avi Akiva, serving as the tenant's brokers, played a vital role in facilitating the lease transaction for PCS Solutions. The specific terms and conditions of the lease agreement were not provided in the available information.

Players

Fredy Halabi

Tri State Commercial Realty

Broker

$8.3M

vol

14 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93