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
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