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45 Main St, Brooklyn, NY, 1...

TuneCore Leases 4000 Square Feet At 45 Main St Brooklyn From Two Trees Management Company
LEASEDOffice

TuneCore Leases 4000 Square Feet At 45 Main St Brooklyn From Two Trees Management Company

45 Main St, Brooklyn, NY, 11201

Building Size

4,000 SF

Asset Type

Office

Closing

Aug 8, 2019

AI

The property involved in this transaction is a lease at 45 Main St, Brooklyn, NY, 11201, situated in the Brooklyn market. The leased space encompasses 4,000 square feet, with the tenant being TuneCore and the landlord identified as Two Trees Management Company.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Square Feet: 4000
  • Address: 45 Main St, Brooklyn, NY, 11201
  • Market: Brooklyn
  • Tenant's Representative: Mark Toubin - Cresa New York
  • Landlord's Representative: Elizabeth Bueno

The deal showcases the involvement of Mark Toubin from Cresa New York representing the tenant, TuneCore, while Elizabeth Bueno serves as the representative for the landlord, Two Trees Management Company. This distribution of representation highlights the collaborative efforts in securing the lease agreement.

Players

Elizabeth Bueno

Broker

5 deals

Broker
Two Trees Management
Two Trees ManagementBrokerage
Two Trees Management
Two Trees ManagementLandlord

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