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94 9th St, Brooklyn, NY 112...

Updated Oct 29, 2024

Industrie Capital Partners Leases Mixed-Use Space In Brooklyn's Gowanus For $45/sf
LEASEDOffice

Industrie Capital Partners Leases Mixed-Use Space In Brooklyn's Gowanus For $45/sf

94 9th St, Brooklyn, NY 11215, USA

Building Size

61,000 SF

Asset Type

Office

Closing

Jan 6, 2020

About this deal

AI

The mixed-use property located at 94 9th Street in Brooklyn, Gowanus has recently undergone a closed transaction. The property, also known as the Roulston House, encompasses various types of spaces suitable for residential and commercial purposes. With a total square footage of 12,800, the property offers ample space for tenants to create their desired environments. The transaction took place on January 7, 2020.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Date: January 7, 2020
  • Address: 94 9th Street, Brooklyn, Gowanus
  • Market: Brooklyn, Gowanus

Industrie Capital Partners acted as the landlord in this transaction, representing the property at 94 9th Street. Joseph Hamway, from Industrie Capital Partners, served as the landlord's representative in the deal. The tenant, known as @TheGutterLIC, secured a lease for the space. Eddie Mamiye, from JTRE, alongside Andrew Connolly and Andrew Stern, served as the tenant representatives.

The asking rent for the property stood at $45 per square foot. This favorable rate, combined with the spacious 12,800 square feet, provides an attractive proposition for @TheGutterLIC to establish and operate their business within the Gowanus neighborhood.

Players

Joseph Hamway

Broker

2 deals

Broker
IP
Industrie Capital PartnersLandlord

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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

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