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2275 Coleman Street,Marine ...

Maimonides Health Signs 10-Year Lease Agreement For Office Space In Marine Park
LEASEDOffice

Maimonides Health Signs 10-Year Lease Agreement For Office Space In Marine Park

2275 Coleman Street,Marine Park, NY 11234, USA

$50

$50/SF

Building Size

8,000 SF

Asset Type

Office

Closing

Mar 29, 2023

AI

An office space located at 2275 Coleman Street in Marine Park has been leased to Maimonides Health. The lease terms are for 10 years. The asking rent for the 8,000 square foot space was $50 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Lease
  • Date: 03/29/2023
  • Address: 2275 Coleman Street
  • Market: Marine Park
  • Landlord: Coleman Suites
  • Tenant: Maimonides Health
  • Broker: Nick Zweig - Locations Commercial Real Estate
  • Asking Rent: $50/ft
  • Square Footage: 8,000

Nick Zweig from Locations Commercial Real Estate represented Maimonides Health in the lease deal.

Players

Nick Zweig

Broker

$14.4M

vol

10 deals

Broker

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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93