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7424 13th Avenue

Professional Physical Therapy Leases Office Space At 7424 13th Avenue In Brooklyn
LEASEDOffice

Professional Physical Therapy Leases Office Space At 7424 13th Avenue In Brooklyn

7424 13th Avenue

$37

$37/SF

Building Size

2,586 SF

Asset Type

Office

Closing

Nov 1, 2023

AI

The property involved in this lease transaction is an office located at 7424 13th Avenue in Brooklyn. The leased space spans 2,586 square feet. The landlord, Robert Snyder, entered into a lease agreement with the tenant, Professional Physical Therapy. The lease type for this transaction is a Modified Gross Lease. The asking rent for the property is $37 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not Applicable (Lease)
  • Address: 7424 13th Avenue
  • Market: Brooklyn
  • Tenant: Professional Physical Therapy
  • Landlord: Robert Snyder
  • Asking Rent: $37 per square foot
  • Lease Type: Modified Gross Lease

In this lease transaction, the landlord was represented by Arsen Atbashyan from Commercial Acquisitions, while the tenant was represented by Michael Leff from Savills US.

Players

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker

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

428729.73%

Cash-on-Cash

-122532.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93