Vice Media Leases Office Space At 289 Kent Avenue In Williamsburg, Brooklyn
289 Kent Avenue, Williamsburg, Brooklyn
Building Size
77,700 SF
Asset Type
Office
Closing
Apr 28, 2022
AI
Located at 289 Kent Avenue in Williamsburg, Brooklyn, this office property has recently been leased. The deal was closed on 04/29/2022.
Summary of transation details
- Property Type: Office
- Address: 289 Kent Avenue, Williamsburg, Brooklyn
The tenant for this property is Vice Media. They were represented by Erik Schmall and Allyson Bowen from Savills. On the other hand, Alan Friedman, Garry Steinberg, and Brendan Reichenbacher from Lee & Associates acted as the landlord's representatives.
The asking rent for this lease was $89 per square foot, with a total area of 77,700 square feet.
Players
New York 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