Commodore Manufacturing Corporation Leases 76613 Square Feet At 4312 2nd Ave Brooklyn
4312 2nd Ave, Brooklyn, NY, 11232
Building Size
76,613 SF
Asset Type
Office
Closing
Mar 8, 2019
AI
The property involved in this transaction is located at 4312 2nd Ave, Brooklyn, NY, 11232. It is a lease transaction in the Brooklyn market, featuring a total square footage of 76,613.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 4312 2nd Ave, Brooklyn, NY, 11232
- Market: Brooklyn
- Square Feet: 76,613
- Landlord: Commodore Manufacturing Corporation
- Tenant's Representatives: John Morrill (CBRE), John Reinertsen (CBRE)
The key individuals involved in this transaction include the landlord, Commodore Manufacturing Corporation, and tenant's representatives, John Morrill and John Reinertsen, both from CBRE. Their roles indicate a professional engagement in facilitating this leasing deal.
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