B-Reel Signs Lease For 13500 Square Feet At 77 Sands St Brooklyn With Tenant's Rep Jason Frazier
77 Sands St, Brooklyn, NY, 11201
Building Size
13,500 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is located at 77 Sands St, Brooklyn, NY, 11201. It encompasses a total of 13,500 square feet and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 77 Sands St, Brooklyn, NY, 11201
- Square Feet: 13,500
- Tenant: B-Reel
- Landlord: Kushner Companies
- Tenant's Representative: Jason Frazier - CBRE
This lease transaction highlights the involvement of Jason Frazier from CBRE, who represents the tenant, B-Reel, in the deal, while the landlord is Kushner Companies. These key players facilitate the agreement for the property located in Brooklyn.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93