Loeffler Randall Leases 1800 Square Feet At 31st St Brooklyn From Angelo Gordon & Co
31st St, Brooklyn, NY, 11232
Building Size
1,800 SF
Asset Type
Retail
Closing
May 18, 2021
About this deal
AI
A lease transaction has taken place at 31st St, Brooklyn, NY, 11232. The property comprises a total of 1,800 square feet situated in the Brooklyn market. The transaction involved tenant Loeffler Randall leasing the property from landlord Angelo Gordon & Co.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 31st St, Brooklyn, NY, 11232
- Market: Brooklyn
- Tenant: Loeffler Randall
- Landlord: Angelo Gordon & Co.
- Tenant's Representative: Jordan Weiss (Savills)
- Square Feet: 1,800
The lease arrangement included representation by Jordan Weiss from Savills, who facilitated the transaction on behalf of tenant Loeffler Randall. This collaboration highlights the involvement of key industry intermediaries in securing the lease agreement.
On the Map
Retail
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Players
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