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50 Columbia Heights

CIM Group Leases 45000 Square Feet To Little Big Hospitality At 50 Columbia Heights Brooklyn
LEASEDOffice

CIM Group Leases 45000 Square Feet To Little Big Hospitality At 50 Columbia Heights Brooklyn

50 Columbia Heights

Building Size

Asset Type

Office

Closing

Jun 30, 2025

AI

The property involved in this transaction is located at 50 Columbia Heights in Brooklyn, comprising office space. The leased area spans 45,000 square feet. The market for this asset type is Brooklyn.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Long-term lease
  • Address: 50 Columbia Heights
  • Market: Brooklyn
  • Landlord: Richard Ressler - CIM Group
  • Tenant: Little Big Hospitality

The deal includes a long-term lease agreement between CIM Group and Little Big Hospitality, which is set to operate The Beginning Clubhouse at the location, offering a family-focused private membership club that features childcare, workspaces, fitness amenities, and dining options.

Players

Richard Ressler

CIM Group

Landlord

$1.3B

vol

18 deals

Landlord
CIM Group
CIM GroupLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93