Katie Conovitz Of Twelve Leases Office Space At 45 Main Street In Dumbo For $52/ft
45 Main Street
$52
$52/SF
Building Size
14,000 SF
Asset Type
Office
Closing
Oct 20, 2026
About this deal
AI
The asset involved in this transaction is an office property located at 45 Main Street in Dumbo, Brooklyn. This lease features a total area of 14,000 square feet, with an asking rent of $52 per square foot and spans a lease term of 7 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $52/ft.
- Address: 45 Main Street
- Market: Dumbo, Brooklyn
- Landlord: Jed Walentas - Two Trees Management
- Tenant: Katie Conovitz - Twelve
- Landlord's Rep: Alyssa Zahler & Elizabeth Bueno - Two Trees Management
- Square Footage: 14,000
- Lease Terms: 7 years
This lease agreement involves key individuals including Jed Walentas representing Two Trees Management as the landlord, while Katie Conovitz represents the tenant, design company Twelve. The landlord's representation is handled by Alyssa Zahler and Elizabeth Bueno, also associated with Two Trees Management.
On the Map
$52
$52/SF
Office
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Players
Maine 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
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93