facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

456 Johnson Avenue

Snow Milk Leases Office Space At 456 Johnson Avenue, Bushwick Paper Mill
LEASEDOffice

Snow Milk Leases Office Space At 456 Johnson Avenue, Bushwick Paper Mill

456 Johnson Avenue

$35

$35/SF

Building Size

2,267 SF

Asset Type

Office

Closing

Jul 10, 2024

AI

The commercial office space located at 456 Johnson Avenue in Bushwick, Brooklyn, was leased to Snow Milk, also known as Doobie Duke Sims, by Bushwick Paper Mill. The lease is for a 5-year term with an asking rent of $35 per square foot. The office space spans 2,267 square feet and is part of the Bushwick Paper Mill lofts.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Landlord: Bushwick Paper Mill
  • Tenant: Snow Milk Aka Doobie Duke Sims
  • Brokers: Jerry Minsky & Jason Abrishami - Douglas Elliman
  • Address: 456 Johnson Avenue, Bushwick, Brooklyn
  • Lease Type: NNN Lease
  • Lease Term: 5 Years
  • Asking Rent: $35/ft
  • Square Footage: 2,267 SF

The lease deal was successfully brokered by Jerry Minsky and Jason Abrishami from Douglas Elliman. The MINSKY | ABRISHAMI Team facilitated the lease transaction, showcasing their expertise in the commercial real estate market. With over $20M in signed contracts and closings year to date, including both residential and commercial transactions, the team is well-equipped to handle various real estate needs.

Players

Jason Abrishami

Douglas Elliman

Broker

$13.3M

vol

6 deals

Broker

Brooklyn Office Market Snapshot

Boundary boundary ยท Office ยท Lease transactions

Loading comparablesโ€ฆ

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93