Voro Motors Leases 4250 Square Feet At 168 39th St Brooklyn With Landlord Angelo Gordon & Co
168 39th St, New York, NY, 11232
Building Size
4,250 SF
Asset Type
Retail
Closing
Nov 17, 2021
About this deal
AI
The property asset involved in this transaction is located at 168 39th St, New York, NY, 11232. It offers a total square footage of 4,250 and is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 168 39th St, New York, NY, 11232
- Market: Brooklyn
- Landlord: Angelo Gordon & Co.
- Landlord's Representative: Jeff Fein - Industry City
- Tenant: Voro Motors
- Square Feet: 4250
This transaction involves Voro Motors as the tenant securing the property for their operations, while Jeff Fein from Industry City represents the landlord, Angelo Gordon & Co. The arrangement showcases a strategic move within the Brooklyn market, highlighting the growing demand for suitable lease spaces.
On the Map
Retail
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Brooklyn Retail Market Snapshot
Boundary boundary · Retail · 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