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
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