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
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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