Altana Leases 20874 Square Feet At 25 Kent Ave Brooklyn From Heritage Equity Partners With Joseph Sipala As Tenant's Rep
25 Kent Ave, Brooklyn, NY, 11249
Building Size
20,874 SF
Asset Type
Office
Closing
Nov 4, 2022
About this deal
AI
The lease involves a property located at 25 Kent Ave, Brooklyn, NY, 11249, within the Brooklyn market. The leased space encompasses a total of 20,874 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Altana
- Landlord: Heritage Equity Partners
- Tenant's Representative: Joseph Sipala, JLL
This transaction highlights the involvement of Heritage Equity Partners as the landlord and Joseph Sipala from JLL representing Altana as the tenant in this lease agreement. Their roles are crucial in facilitating this transaction within the Brooklyn market.
On the Map
Office
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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