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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 850 3rd Ave, Brooklyn, NY, 11232
- Market: Brooklyn
- Landlord: Salmar Properties
- Tenant: Koppers Specialty Chocolate Company
- Square Feet: 50,000
- Landlord's Representatives: Jordan Gosin (Newmark), Howard Kesseler (Newmark), Jeffrey Unger (Kalmon Dolgin Affiliates)
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
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