Apple Leases 2766 Square Feet At 41 Flatbush Ave Brooklyn From Building & Land Technology
41 Flatbush Ave, Brooklyn, NY, 11217
Building Size
2,766 SF
Asset Type
Office
Closing
Dec 16, 2020
AI
The property located at 41 Flatbush Ave, Brooklyn, NY, 11217, spans 2,766 square feet and is situated within the Brooklyn market. This lease transaction involves the tenant Apple and the landlord Building & Land Technology.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 41 Flatbush Ave, Brooklyn, NY, 11217
- Market: Brooklyn
- Tenant: Apple
- Landlord: Building & Land Technology
- Square Feet: 2,766
- Tenant's Rep: Hank O’Donnell
The transaction highlights the involvement of Hank O’Donnell, representing the tenant Apple in this lease agreement with Building & Land Technology acting as the landlord.
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