facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

57 Court Street

The Malin Leases 15148 SF Office Space At 57 Court Street Brooklyn For 15 Years
LEASEDOffice

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

Josh Strauss

Dreamscape Companies

Broker

4 deals

Broker
RUE Realty
RUE RealtyBrokerage
United American Land
United American LandLandlord
Charlie Robinson

Charlie Robinson

The Malin

Tenant

2 deals

Tenant
The Malin
The MalinTenant

Brooklyn Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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