The Mint Capital Inc Leases Office Space At 3611 14th Avenue, Brooklyn
3611 14th Ave, Brooklyn, NY 11218, USA
Building Size
52,000 SF
Asset Type
Office
Closing
Aug 1, 2020
About this deal
AI
The office space located at 3611 14th Avenue in Brooklyn has recently been leased. The property spans a total of 5,200 square feet and was leased at an asking rent of $35 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 3611 14th Avenue, Brooklyn
- Market: Brooklyn
The tenant involved in this lease is The Mint Capital INC, represented by Joel.MintCapital. The landlord, Guardian Realty, was represented by Isaac Simkowitz from Guardian_Realty. The lease transaction was facilitated by brokers Dov Bleich and Avi Akiva from TriStateCommercial.
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