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41 Flatbush Ave, Brooklyn, ...

Updated Oct 29, 2024

EnergyHub Leases 10000 SF Office Space At 41 Flatbush Ave, Brooklyn
LEASEDOffice

EnergyHub Leases 10000 SF Office Space At 41 Flatbush Ave, Brooklyn

41 Flatbush Ave, Brooklyn, NY, 11217

Building Size

10,000 SF

Asset Type

Office

Closing

Sep 11, 2019

About this deal

AI

The leased property located at 41 Flatbush Ave, Brooklyn, NY, 11217, is an office space spanning 10,000 square feet. The tenant, EnergyHub, secured this office space on September 11, 2019, with William Stover Jr. from Marcus & Millichap representing them in the deal. The landlord of this asset is Building & Land Technology.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: EnergyHub
  • Tenant's Rep: William Stover Jr. (Marcus & Millichap)
  • Landlord: Building & Land Technology
  • Address: 41 Flatbush Ave, Brooklyn, NY, 11217
  • Market: Brooklyn
  • Square Feet: 10,000

EnergyHub, the tenant of the 10,000 square feet office space, was represented by William Stover Jr. from Marcus & Millichap in this transaction. On the other side of the deal was Building & Land Technology, the landlord who facilitated this lease agreement with EnergyHub.

Players

William Stover Jr.

Marcus & Millichap

Broker

3 deals

Broker
BT
Building and Land TechnologyLandlord

Brooklyn Office Market Snapshot

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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

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