Davines Leases 15479 Square Feet At 61 N 11th St Brooklyn Represented By Kenneth Salzman And Justin Myers
61 N 11th St, New York, NY, 11249
Building Size
15,479 SF
Asset Type
Office
Closing
Jun 13, 2019
About this deal
AI
The property involved in this transaction is located at 61 N 11th St, New York, NY, 11249 in the Brooklyn market. This lease encompasses a total area of 15,479 square feet.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not Specified
- Address: 61 N 11th St, New York, NY, 11249
- Market: Brooklyn
- Square Feet: 15,479
- Tenant: Davines
- Landlord: CW Realty Management
- Tenant's Representatives: Kenneth Salzman (Lee & Associates NYC), Corey Horowitz (NYC), Emma Maitland (Brown Harris Stevens)
- Landlord's Representative: Justin Myers (Lee & Associates)
This transaction involved Davines as the tenant, engaging the services of Kenneth Salzman, Corey Horowitz, and Emma Maitland as their representatives. CW Realty Management acted as the landlord, represented by Justin Myers from Lee & Associates.
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