Big Minds & Tiny Hands Leases 7,000 SF Community Facility In New York City At 8810 Avenue J With Brokers NY Space Finders
8810 Avenue J
$27
$27/SF
Building Size
7,000 SF
Asset Type
Office
Closing
Dec 21, 2022
About this deal
AI
The community facility located at 8810 Avenue J in New York City has been leased. The property, with a size of 7,000 square feet, was leased by tenant Big Minds & Tiny Hands. The lease was facilitated by brokers Luca DiCiero, Faisal Gilani, and Damian Dakas from NY Space Finders. The landlord of the property is Rakesh Dua. The asking rent for the lease was $27 per square foot.
Summary of transaction details:
- Property Type: Community Facility
- Transaction Amount: Lease
- Address: 8810 Avenue J, New York City
- Tenant: Big Minds & Tiny Hands
- Brokers: Luca DiCiero, Faisal Gilani, and Damian Dakas - NY Space Finders
- Asking Rent: $27 per square foot
- Size: 7,000 square feet
The lease deal was successfully negotiated by brokers Luca DiCiero, Faisal Gilani, and Damian Dakas of NY Space Finders. They represented the tenant, Big Minds & Tiny Hands, in securing the lease for the community facility property at 8810 Avenue J in New York City.
On the Map
$27
$27/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
587518.52%
Cash-on-Cash
-167914.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93