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41 Flatbush Ave, Brooklyn, ...

D'Addario & Company Leases 3650 Square Feet At 41 Flatbush Ave Brooklyn From Quinlan Development Group
LEASEDOffice

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

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

Christopher Havens

Terra CRG

Broker

4 deals

Broker
QG
Quinlan Development GroupLandlord

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