Duke Properties Leases 1714 Square Feet At 55 Washington St Brooklyn From Two Trees Management Company
55 Washington St, Brooklyn, NY, 11201
Building Size
1,714 SF
Asset Type
Office
Closing
Sep 6, 2019
About this deal
AI
The property located at 55 Washington St, Brooklyn, NY, 11201 comprises a total of 1,714 square feet and is situated in the Brooklyn market. The landlord for this lease transaction is Two Trees Management Company.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 55 Washington St, Brooklyn, NY, 11201
- Market: Brooklyn
- Tenant: Duke Properties
- Landlord: Two Trees Management Company
- Tenant's Representatives: Micah Hecht (TerraCRG), Caroline Pardo (TerraCRG)
This transaction reflects the negotiation and agreement between Duke Properties, acting as the tenant, and Two Trees Management Company, as the landlord, with representation provided by Micah Hecht and Caroline Pardo from TerraCRG. Their involvement facilitated the terms of the lease arrangement for the specified property.
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