facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

295 Front Street, Brooklyn,...

Ember Charter School Leases Office Space In Vinegar Hill/Dumbo Market On 295 Front Street
LEASEDOffice

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

Chandler Slate

Tri State Commercial Realty

Broker

$10.7M

vol

33 deals

Broker

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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