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41 Flatbush Avenue

Eprine Community Services Signs 7-Year Lease For Office Space At 41 Flatbush Avenue Downtown Brooklyn
LEASEDOffice

Eprine Community Services Signs 7-Year Lease For Office Space At 41 Flatbush Avenue Downtown Brooklyn

41 Flatbush Avenue

$50

$50/SF

Building Size

4,600 SF

Asset Type

Office

Closing

Nov 23, 2023

AI

The office property located at 41 Flatbush Avenue in Downtown Brooklyn has been leased to Eprine Community Services. The lease term is for 7 years with a modified gross lease. The asking rent for the 4,600 square foot space is $50 per square foot.

Summary of transaction details

Remy Liebersohn and Pierce Hance from Cushman & Wakefield represented the landlord, Quinlan Development Group, in the lease transaction. On the other hand, Josh Augenbaum and Murray Mizrachi from Augenbaum Realty served as the tenant's representatives for Eprine Community Services.

Players

Josh Augenbaum

Augenbaum Realty

Broker

$652.8M

vol

140 deals

Broker
QG
Quinlan Development GroupLandlord
ES
Eprine Community ServicesTenant

New York 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93