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
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