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195 Montague St, Brooklyn, ...

WeWork Leases 77000 Sq Ft Office Space At 195 Montague St, Brooklyn
LEASEDOffice

WeWork Leases 77000 Sq Ft Office Space At 195 Montague St, Brooklyn

195 Montague St, Brooklyn, NY, 11201

Building Size

77,000 SF

Asset Type

Office

Closing

Nov 17, 2015

AI

The office asset located at 195 Montague St, Brooklyn, NY, 11201, was involved in a lease transaction dated 11/17/2015. The property, an office condo owned by Treeline Cos, Long Wharf Real Estate Partners, and KABR Group, spans 77,000 square feet in total.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Landlord: Long Wharf Property Partners
  • Tenant: WeWork
  • Square Feet: 77,000
  • Landlord's Rep: Kraig Silver (Treeline Cos)
  • Tenant's Rep: Jonathan Serko (Cushman & Wakefield)

WeWork, as the tenant in this deal, signed a lease for 77,000 square feet of space in the office condo at 195 Montague St in Downtown Brooklyn. The tenant was represented by Jonathan Serko from Cushman & Wakefield, whereas the landlord, Long Wharf Property Partners, was represented by Kraig Silver from Treeline Cos.

Players

Kraig Silver

Treeline Cos

Broker

2 deals

Broker
WeWork
WeWorkTenant

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