Acadia Realty Trust Leases 989 Square Feet At 3858 Nostrand Ave Brooklyn With Gina Damond As Landlord's Rep
3858 Nostrand Ave, Brooklyn, NY, 112...
Building Size
989 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The leased property is located at 3858 Nostrand Ave, Brooklyn, NY, encompassing a total of 989 square feet. The transaction is situated within the Brooklyn market, under the management of Acadia Realty Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3858 Nostrand Ave, Brooklyn, NY, 112...
- Square Feet: 989
- Landlord: Acadia Realty Trust
- Landlord's Representative: Gina Damond-CPEX Real Estate
The deal involves Gina Damond representing Acadia Realty Trust as the landlord in this leasing transaction. Information regarding the tenant has not been disclosed.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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