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61 N 11th St, New York, NY,...

Davines Leases 15479 Square Feet At 61 N 11th St Brooklyn Represented By Kenneth Salzman And Justin Myers
LEASEDOffice

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

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:

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.

Players

Justin Myers

Lee & Associates

Broker

22 deals

Broker
CM
CW Realty 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