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55 Washington St, Brooklyn,...

Duke Properties Leases 1714 Square Feet At 55 Washington St Brooklyn From Two Trees Management Company
LEASEDOffice

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

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.

Players

Caroline Pardo

Terra CRG

Broker

2 deals

Broker
Two Trees Management
Two Trees ManagementBrokerage
Two Trees Management
Two Trees ManagementLandlord
Duke Properties
Duke PropertiesTenant

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