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1504 Avenue L

Tiny Hearts Daycare Leases Office Space At 1504 Avenue L Brooklyn For $45ft With Abe Bergman As Landlord
LEASEDOffice

Tiny Hearts Daycare Leases Office Space At 1504 Avenue L Brooklyn For $45ft With Abe Bergman As Landlord

1504 Avenue L

$45

$45/SF

Building Size

12,500 SF

Asset Type

Office

Closing

Mar 11, 2025

AI

The property involved in this transaction is an office located at 1504 Avenue L in the Brooklyn market. It features a total square footage of 12,500 and is listed under a Single Net Lease agreement with an asking rent of $45 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $45/ft
  • Square Footage: 12,500
  • Address: 1504 Avenue L
  • Market: Brooklyn
  • Lease Type: Single Net Lease
  • Landlord: Abe Bergman
  • Tenant: Tiny Hearts Daycare
  • Broker: Nick Zweig - Locations Commercial Real Estate

Key individuals in this lease transaction include Abe Bergman, who represents the landlord, and Tiny Hearts Daycare as the tenant. The brokerage for this deal was handled by Nick Zweig of Locations Commercial Real Estate.

Players

Nick Zweig

Broker

$14.4M

vol

10 deals

Broker

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

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93