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96 Bogart St, Brooklyn, NY,...

MySpace NYC Leases 96 Bogart St Office In Brooklyn, NY For $55/SF
LEASEDOffice

MySpace NYC Leases 96 Bogart St Office In Brooklyn, NY For $55/SF

96 Bogart St, Brooklyn, NY, 11206

$55

$55/SF

Building Size

7,500 SF

Asset Type

Office

Closing

Mar 29, 2017

AI

The office property located at 96 Bogart St, Brooklyn, NY, 11206, in the Brooklyn market, was leased on 03/29/2017. The property spans 7,500 square feet, with a rental rate of $55 per square foot. The tenant, MySpace NYC, was represented by Shawn Mullahy from MySpace NYC, while the landlord, David Moore, was represented by Lane Sanders from M Properties Group and Max Lu from M2 CRE.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: MySpace NYC
  • Landlord: David Moore

Shawn Mullahy from MySpace NYC was the tenant's representative in the lease transaction, while Lane Sanders from M Properties Group and Max Lu from M2 CRE represented the landlord, David Moore.

Players

Max Lu

M2 CRE

Broker

8 deals

Broker
David Moore

David Moore

Knightvest Capital

Landlord

$274.2M

vol

14 deals

Landlord
N
NYCTenant

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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93