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65 Maspeth Avenue

Jamron Counseling Leases Office Space At 65 Maspeth Avenue In Brooklyn For 10 Years
LEASEDOffice

Jamron Counseling Leases Office Space At 65 Maspeth Avenue In Brooklyn For 10 Years

65 Maspeth Avenue

$33

$33/SF

Building Size

3,925 SF

Asset Type

Office

Closing

Aug 20, 2025

AI

This transaction involves an office space located at 65 Maspeth Avenue in the Brooklyn market. The leased space covers 3,925 square feet and has an asking rent of $33 per square foot. The lease agreement is structured as a Modified Gross Lease with a term of 10 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $129,475
  • Date: 8/21/2025
  • Landlord: 109Co
  • Tenant: Jamron Counseling
  • Lease Term: 10 Years
  • Broker: Joseph DiPiazza & John Le Vine - EXR @EXRNY

EXR has successfully leased a total of 6,679 square feet of Brooklyn office space since the fourth quarter of 2024, highlighting their leadership in this asset class and their ability to innovate within the market.

Players

Joseph DiPiazza

EXR

Broker

$50.6M

vol

36 deals

Broker
EXR
EXRBrokerage
109Co
109CoLandlord

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

480696.97%

Cash-on-Cash

-137384.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93