Two Trees Management Leases 6159 Square Feet Office To Think Architecture At 45 Main Street
45 Main Street
Building Size
6,159 SF
Asset Type
Office
Closing
Feb 24, 2026
About this deal
AI
The property asset involved in the transaction is located at 45 Main Street in the Dumbo market. This office lease encompasses a total area of 6,159 square feet, catering to the specific needs of the tenant involved.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 45 Main Street
- Market: Dumbo
- Asset Size: 6,159 square feet
- Landlord: Jed Walentas - Two Trees Management
- Tenant: Think! Architecture + Design
- Broker Representatives: Alyssa Zahler, Elizabeth Bueno, Nicole Serras & Jarad Winter - Two Trees Management
The transaction involves a broader leasing initiative by Two Trees Management, which signed a total of seven office leases across its Dumbo properties. This specific deal highlights the strategic approach taken by the landlord to enhance occupancy across its portfolio.
On the Map
Office
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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