Communities Resist Nonprofit Lawyers (CoRe) Leases Office Space In Williamsburg
302 Broadway, Brooklyn, New York 11211, United States
Building Size
6,391 SF
Asset Type
Office
Closing
May 17, 2022
AI
Located at 302 Broadway in Williamsburg, this office property was leased on May 18, 2022. The asset spans 6,391 square feet and is situated in a prime market area.
Summary of transaction details:
- Property Type: Office
- Transaction Date: May 18, 2022
- Address: 302 Broadway
- Market: Williamsburg
The landlord for this lease is Mohammed W. Billah, while the tenant is Communities Resist Nonprofit Lawyers (CoRe).
The tenant was represented by Frederick Betesh from Tri State Commercial Realty. On the other hand, Chandler Slate, also from Tri State Commercial Realty, represented the landlord.
The asking rent for this lease was $37.55 per square foot.
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