facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

77 Sands St, Brooklyn, NY, ...

Wipro Digital Leases Office Space At 77 Sands St, Brooklyn, NY
LEASEDOffice

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:

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

Sacha Zarba

CBRE

Broker

30 deals

Broker
Kushner Companies
Kushner CompaniesBrokerage
Kushner Companies
Kushner CompaniesLandlord

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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