Cushman & Wakefield Represents Morgan & Morgan In Five-Year Retail Lease In Downtown Brooklyn
203 Jay Street
$50
$50/SF
Building Size
9,397 SF
Asset Type
Retail
Closing
Nov 3, 2022
About this deal
AI
AmTrust RE has leased a retail space located at 203 Jay Street in Downtown Brooklyn. The property, spanning 9,397 square feet, was leased to tenant Morgan & Morgan. The lease terms are set for five years. The asking rent for the space was $50 per square foot.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 203 Jay Street
- Market: Downtown Brooklyn
- Tenant: Morgan & Morgan
- Landlord: AmTrust RE
- Asking Rent: $50/ft.
- Square Footage: 9,397
- Lease Terms: Five-year lease
The lease transaction was facilitated by brokers Charles Borrok, Patrick Dugan, Remy Liebersohn, Jon Fales, Michelle Mean, Joseph Cirone, Kevin Hammond, Jeffrey Sweeney, and Carlisle Wheeler of Cushman & Wakefield.
Players
City of Albany 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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93