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45 Main Street

Two Trees Management Leases Office Space In Dumbo, Brooklyn To Post Company
LEASEDOffice

Two Trees Management Leases Office Space In Dumbo, Brooklyn To Post Company

45 Main Street

$45

$45/SF

Building Size

5,969 SF

Asset Type

Office

Closing

Jun 1, 2024

AI

Located at 45 Main Street in Dumbo, Brooklyn, the office property has been leased for an asking rent of $45 per square foot. The total square footage of the space is 5,969 square feet. The landlord, Two Trees Management, successfully secured a deal with the tenant, Post Company, for a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Landlord: Two Trees Management
  • Tenant: Post Company
  • Address: 45 Main Street
  • Market: Dumbo, Brooklyn
  • Asking Rent: $45/ft
  • Square Footage: 5,969 SF
  • Lease Type: Modified Gross Lease
  • Landlord's Rep: Alyssa Zahler & Jarad Winter - Two Trees Management Company
  • Tenant's Rep: Noah Jay - Compass

Noah Jay from Compass represented the tenant, Post Company, in the leasing transaction, while Alyssa Zahler & Jarad Winter from Two Trees Management Company represented the landlord, Two Trees Management.

Players

Alyssa Zahler

Broker

7 deals

Broker
Two Trees Management
Two Trees ManagementBrokerage

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93