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
About this deal
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.
On the Map
$37
$37/SF
Office
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Players
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