NYC School Construction Authority Leases Office Space At 420 Lefferts Avenue In New York City
420 Lefferts Ave Brooklyn, NY 11225, USA
$40
$40/SF
Building Size
22,300 SF
Asset Type
Office
Closing
Jun 28, 2023
AI
The office property located at 420 Lefferts Avenue in New York City has been leased. The property spans a total of 22,300 square feet, with an asking rent of $40 per square foot. The lease transaction was completed on June 28, 2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease
- Address: 420 Lefferts Avenue
- Market: New York City
Jake Morgenstern acted as the landlord in this lease agreement. The tenant, NYC School Construction Authority, will occupy the office space at 420 Lefferts Avenue. The deal was facilitated by Nick Zweig from Locations Commercial Real Estate.
Players
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93