Belvedere Capital Leases 7000 SF To ClassPass At 31st St Brooklyn With Jason Goldy And Jason M. Gold As Representatives
31st St, Brooklyn, NY, 11232
$30
$30/SF
Building Size
7,000 SF
Asset Type
Office
Closing
Oct 10, 2017
About this deal
AI
The property involved in this lease transaction is located at 31st St, Brooklyn, NY, within the Brooklyn market. The leased space encompasses 7,000 square feet, with a rental rate of $30 per square foot. The landlord for this transaction is Belvedere Capital.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Unspecified
- Address: 31st St, Brooklyn, NY, 11232
- Landlord: Belvedere Capital
- Tenant: ClassPass
- Landlord's Representative: Jason Goldy - Meridian Capital Group, Jason M. Gold - Ariel Property Advisors
- Market: Brooklyn
- Square Feet: 7000
- Rent/SF: 30
This lease transaction includes key representatives: Jason Goldy of Meridian Capital Group and Jason M. Gold from Ariel Property Advisors, acting on behalf of the landlord, Belvedere Capital. The tenant, ClassPass, engaged in this transaction for their operational needs within the specified location.
On the Map
$30
$30/SF
Office
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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
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93