Mint Capital Inc Leases 4,480 SF Office Space At 223 Spencer Street, Williamsburg
223 Spencer St, Brooklyn, NY 11205, USA
Building Size
4,480 SF
Asset Type
Office
Closing
Jul 15, 2020
About this deal
AI
The Mint Capital Inc has signed a 10-year lease for an office space located at 223 Spencer Street in the Williamsburg area of Brooklyn. The property spans across 4,480 square feet and the asking rent for the space is $42 per square foot.
Summary of transaction details
- Property Type: Office
- Tenant: The Mint Capital Inc
- Landlord: Shlomi Feder – 223 Spencer, LLC
- Brokers: Dov Bleich, Avi Akiva – TriState Commercial
- Address: 223 Spencer Street, Williamsburg, Brooklyn
- Asking Rent: $42
- Square Footage: 4,480 SF
Dov Bleich and Avi Akiva from TriState Commercial represented both the tenant, The Mint Capital Inc, and the landlord, Shlomi Feder – 223 Spencer, LLC, in this lease transaction.
Players
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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