Wipro Digital Leases Office Space At 77 Sands St, Brooklyn, NY
77 Sands St, Brooklyn, NY, 11201
Building Size
18,800 SF
Asset Type
Office
Closing
Sep 15, 2016
AI
The office property located at 77 Sands St, Brooklyn, NY, 11201, in the Brooklyn market, was leased on 09/15/2016. The asset, belonging to Kushner Companies, spans 18,800 square feet and was leased to the tenant, Wipro Digital. The deal involved Yarden Drimmer from Cushman & Wakefield representing the tenant, and Sacha Zarba from CBRE representing the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Wipro Digital
- Landlord: Kushner Companies
- Square Feet: 18,800
- Tenant's Rep: Yarden Drimmer (Cushman & Wakefield)
- Landlord's Rep: Sacha Zarba (CBRE)
The lease of 77 Sands St in Brooklyn marked a significant transaction with the involvement of key individuals and companies. Yarden Drimmer from Cushman & Wakefield represented Wipro Digital, the tenant in the deal. On the other side, Sacha Zarba from CBRE served as the landlord's representative, aiding Kushner Companies in the leasing process.
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