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94 9th St, New York, NY, 11215

Mother New York Leases 61000 Square Feet From Industrie Capital Partners In Brooklyn
LEASEDOffice

Mother New York Leases 61000 Square Feet From Industrie Capital Partners In Brooklyn

94 9th St, New York, NY, 11215

Building Size

61,000 SF

Asset Type

Office

Closing

Aug 5, 2020

AI

The property involved in this transaction is located at 94 9th St, New York, NY, 11215, within the Brooklyn market. The leased space encompasses 61,000 square feet, providing significant area for the tenant's use.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 61,000
  • Tenant: Mother New York
  • Landlord: Industrie Capital Partners
  • Tenant's Representative: Harrison Katzman-Savitt Partners
  • Landlord's Representative: Josh Sloan

Key individuals involved in this transaction include the tenant, Mother New York, and the landlord, Industrie Capital Partners. The representatives managing the interests of both parties are Harrison Katzman-Savitt Partners for the tenant and Josh Sloan representing the landlord.

Players

Josh Sloan

Broker

2 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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