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
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