Sakatta Inc Leases 25000 SF Office Space At 4014 1st Avenue, Brooklyn
4014 1st Avenue
Building Size
25,000 SF
Asset Type
Office
Closing
Jul 19, 2021
About this deal
AI
The office property located at 4014 1st Avenue in Brooklyn, spanning 25,000 square feet, was recently leased by Sakatta Inc. The landlord, represented by Angelo, Gordon & Co., successfully secured this transaction with Sakatta Inc.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 4014 1st Avenue
- Market: Brooklyn
- Landlord's Representative: Rafael Neiman (Tri State Commercial Realty)
- Tenant: Sakatta Inc
- Landlord: Angelo, Gordon & Co.
- Square Feet: 25,000
Rafael Neiman of Tri State Commercial Realty represented the landlord, Angelo, Gordon & Co., in the lease deal with Sakatta Inc., facilitating the successful leasing of the office space at 4014 1st Avenue in Brooklyn.
On the Map
Office
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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