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850 3rd Ave, Brooklyn, NY, ...

Koppers Specialty Chocolate Company Leases 50000 Square Feet From Salmar Properties In Brooklyn
LEASEDOffice

Koppers Specialty Chocolate Company Leases 50000 Square Feet From Salmar Properties In Brooklyn

850 3rd Ave, Brooklyn, NY, 11232

Building Size

50,000 SF

Asset Type

Office

Closing

Jan 5, 2019

AI

The property asset involved in this transaction is a lease located at 850 3rd Ave, Brooklyn, NY, 11232, within the Brooklyn market. The leased space is 50,000 square feet and is associated with Salmar Properties as the landlord, while Koppers Specialty Chocolate Company is the tenant.

Summary of transaction details:

This deal involves pivotal individual representatives such as Jordan Gosin, Howard Kesseler from Newmark, and Jeffrey Unger from Kalmon Dolgin Affiliates, who played key roles in facilitating this lease transaction, ensuring the interests of Salmar Properties as the landlord were represented appropriately.

Players

Nechama Liberow

Pinnacle Realty of New York

Broker

$43.1M

vol

8 deals

Broker
SP
Salmar PropertiesLandlord

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