Audible Difference Leases 47,106 Square Feet At Brooklyn Army Terminal From New York City Economic Development Corporation
140 58th Street
Building Size
47,106 SF
Asset Type
Office
Closing
May 14, 2026
About this deal
AI
The property involved in this transaction is an office asset located at 140 58th Street in Brooklyn, comprising 47,106 square feet. It is part of the Brooklyn Army Terminal in Sunset Park, which has seen significant leasing activity.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Terms: 5-year lease
- Landlord: New York City Economic Development Corporation
- Tenant: Erich Bechtel - Audible Difference
This lease marks a significant addition to the industrial campus, with Audible Difference leading the new tenants and contributing to over 58,000 square feet of new leases announced by the New York City Economic Development Corporation across the Brooklyn Army Terminal.
Players
Market Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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