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55 Washington St, Brooklyn,...

Updated Dec 4, 2024

Two Trees Management Company Leases 22000 Square Feet At 55 Washington St Brooklyn
LEASEDOffice

Two Trees Management Company Leases 22000 Square Feet At 55 Washington St Brooklyn

55 Washington St, Brooklyn, NY, 11201

Building Size

22,000 SF

Asset Type

Office

Closing

Sep 22, 2015

About this deal

AI

The property involved in this lease transaction is located at 55 Washington St, Brooklyn, NY, 11201. The leased space covers an area of 22,000 square feet and is situated in the Brooklyn market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 55 Washington St, Brooklyn, NY, 11201
  • Landlord: Two Trees Management Company
  • Landlord's Representative: Jed Walentas - Two Trees Management
  • Square Feet: 22,000

Equinox has signed a lease for the space at 55 Washington St in Dumbo. The landlord's representative for this transaction was Jed Walentas, who acted in-house for Two Trees Management Company.

Players

Two Trees Management
Two Trees ManagementLandlord

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

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