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320 Wythe Ave, Brooklyn, NY...

Richemont Leases 5933 Square Feet At 320 Wythe Ave Brooklyn Represented By Christopher DeCrosta And Howard Hersch
LEASEDOffice

Richemont Leases 5933 Square Feet At 320 Wythe Ave Brooklyn Represented By Christopher DeCrosta And Howard Hersch

320 Wythe Ave, Brooklyn, NY, 11249

Building Size

5,933 SF

Asset Type

Office

Closing

Aug 2, 2019

AI

The property involved in this transaction is located at 320 Wythe Ave, Brooklyn, NY, 11249. It encompasses a total of 5,933 square feet and is situated in the Brooklyn market.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Address: 320 Wythe Ave, Brooklyn, NY, 11249
  • Market: Brooklyn
  • Tenant: Richemont
  • Landlord: Flank
  • Tenant's Representative: Christopher DeCrosta (Good Space NYC)
  • Landlord's Representative: Howard Hersch (JLL)

The key individuals involved in this lease transaction include Christopher DeCrosta representing the tenant, Richemont, and Howard Hersch representing the landlord, Flank. Their respective agencies, Good Space NYC and JLL, played significant roles in facilitating this lease agreement.

Players

Howard Hersch

Newmark

Broker

23 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93