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
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