Ember Charter School Leases Office Space In Vinegar Hill/Dumbo Market On 295 Front Street
295 Front Street, Brooklyn, New York 11201, United States
$45
$45/SF
Building Size
25,478 SF
Asset Type
Office
Closing
Oct 3, 2022
AI
The recently closed property transaction in Vinegar Hill/Dumbo involved an office space located at 295 Front Street. The property has a total square footage of 25,478 and was leased by Ember Charter School. The landlord of the property is Jonathan Archbold. The lease deal was facilitated by Tri State Commercial, with Eddie Keda, Chandler Slate, and Joey Bouzaglou representing the tenant's interests.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease
- Address: 295 Front Street
- Market: Vinegar Hill/Dumbo
- Landlord: Jonathan Archbold
- Tenant: Ember Charter School
- Brokers: Eddie Keda, Chandler Slate, and Joey Bouzaglou - Tri State Commercial
- Asking Rent: $45/ft.
- Square Footage: 25,478
Eddie Keda, Chandler Slate, and Joey Bouzaglou from Tri State Commercial played a crucial role in representing the interests of the tenant, Ember Charter School, in this lease deal. They successfully negotiated the terms of the lease, securing the office space at 295 Front Street for the school. Their expertise and dedication to their client's needs contributed to the successful execution of the transaction.
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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93