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
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