D'Addario & Company Leases 3650 Square Feet At 41 Flatbush Ave Brooklyn From Quinlan Development Group
41 Flatbush Ave, Brooklyn, NY, 11217
Building Size
3,650 SF
Asset Type
Office
Closing
Mar 4, 2021
About this deal
AI
The property asset involved in this transaction is located at 41 Flatbush Ave, Brooklyn, NY, 11217. The total square footage of the space is 3,650 square feet. The market for this location is Brooklyn.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: D’Addario & Company
- Landlord: Quinlan Development Group
- Tenant's Representatives: Christopher Havens (TerraCRG), Jackson O’Neill (TerraCRG)
This lease transaction involves D’Addario & Company as the tenant and Quinlan Development Group acting as the landlord. The representatives for the tenant in this deal are Christopher Havens and Jackson O’Neill, both associated with TerraCRG.
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