Cain Cain Studio Signs Five-Year Lease For Office Space At 56-06 Cooper Avenue In Ridgewood
56 06 Cooper Avenue
$20
$20/SF
Building Size
5,000 SF
Asset Type
Office
Closing
May 20, 2025
AI
A design and fabrication firm, Cain Cain Studio, has signed a lease for an office space located at 56-06 Cooper Avenue in Ridgewood, Queens. The property encompasses 5,000 square feet of area, with an asking rent of $20 per square foot. The lease term spans five years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $100,000
- Address: 56-06 Cooper Avenue
- Market: Ridgewood, Queens
- Landlord: Cooper Street Holdings
- Tenant: Cain Cain Studio
- Brokers: Daniel Mundle & Joshua Kleinberg - Colliers
- Landlord Brokers: Ely Berger & Leo Stark - Rennit
- Lease Term: five-year lease
- Asking Rent: $20/ft
- Square Footage: 5,000
Daniel Mundle and Joshua Kleinberg represented Cain Cain Studio in the lease transaction, while Ely Berger and Leo Stark acted on behalf of the landlord, Cooper Street Holdings. The collaboration between the brokers facilitated the agreement for the office space in Ridgewood.
Players
Ridgewood Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93