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203 Jay St, Brooklyn, NY, 1...

Morgan & Morgan Leases 9397 Square Feet At 203 Jay St Brooklyn Represented By Carlisle Wheeler And Jon Fales
LEASEDOffice

Morgan & Morgan Leases 9397 Square Feet At 203 Jay St Brooklyn Represented By Carlisle Wheeler And Jon Fales

203 Jay St, Brooklyn, NY, 11201

Building Size

9,397 SF

Asset Type

Office

Closing

Nov 3, 2022

AI

The property located at 203 Jay St, Brooklyn, NY, 11201, encompasses a total of 9,397 square feet. This leased asset is situated in the Brooklyn market. The tenant in this transaction is Morgan & Morgan, while the landlord is AmTrust Realty.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 203 Jay St, Brooklyn, NY, 11201
  • Market: Brooklyn
  • Square Feet: 9,397
  • Tenant: Morgan & Morgan
  • Landlord: AmTrust Realty
  • Tenant's Representative: Carlisle Wheeler - Cushman & Wakefield
  • Landlord's Representative: Jonathan (Jon) Fales - Cushman & Wakefield

This transaction involves key representatives from Cushman & Wakefield, with Carlisle Wheeler representing the tenant Morgan & Morgan and Jonathan (Jon) Fales representing the landlord AmTrust Realty, ensuring the interests of their respective clients are effectively managed throughout the lease agreement.

Players

Jonathan Fales

Cushman & Wakefield

Broker

3 deals

Broker
AR
AmTrust RealtyLandlord

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