The Malin Leases 15148 SF Office Space At 57 Court Street Brooklyn For 15 Years
57 Court Street
Building Size
15,148 SF
Asset Type
Office
Closing
Nov 6, 2025
AI
The property asset involved in this transaction is located at 57 Court Street in Brooklyn, encompassing an office space with a total square footage of 15,148. The lease has been entered into with a landlord of United American Land and the tenant is The Malin.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 15 years
- Lease Type: Single Net Lease
- Landlord: United American Land
- Tenant: The Malin
- Landlord's Representative: Scott Zinovoy, Josh Strauss & Alex Levine - Dreamscape Companies
- Tenant's Representative: John Mears - RUE Realty
The transaction highlights the involvement of key individuals including Charlie Robinson and Ciarán McGuigan, who represent The Malin. Additionally, the tenant's representative, John Mears, has indicated that The Malin is seeking additional prime sites in NYC and Boston.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93