Kiddie Academy Leases 9000 SF Space At 285 Broadway Brooklyn With James Famularo As Tenant's Rep
285 Broadway, Brooklyn, NY, 11211
$50
$50/SF
Building Size
9,000 SF
Asset Type
Office
Closing
Jul 18, 2016
About this deal
AI
The property involved in the transaction is located at 285 Broadway, Brooklyn, NY, 11211. It is a leased space totaling 9,000 square feet, with a rent rate of $50 per square foot. The market for this property is Brooklyn.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 285 Broadway, Brooklyn, NY, 11211
- Market: Brooklyn
- Tenant: Kiddie Academy
- Landlord: Midwood Investment and Development
- Tenant's Representative: James Famularo - Meridian Capital Group
This lease transaction includes key individuals such as the tenant, Kiddie Academy, which is represented by James Famularo from Meridian Capital Group, while the landlord is Midwood Investment and Development. Each party plays a crucial role in the execution of this 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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93