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359 Scholes St, Brooklyn, N...

Dock Studios Leases 18000 Square Feet At 359 Scholes St Brooklyn For $25 Per SF
LEASEDRetail

Dock Studios Leases 18000 Square Feet At 359 Scholes St Brooklyn For $25 Per SF

359 Scholes St, Brooklyn, NY, 11206

$25

$25/SF

Building Size

18,000 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The lease transaction involves a property located at 359 Scholes St, Brooklyn, NY, 11206. The market for this property is Brooklyn, with a rental rate of $25 per square foot and a total square footage of 18,000 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 359 Scholes St, Brooklyn, NY, 11206
  • Market: Brooklyn
  • Landlord: Meisel-Peskin
  • Tenant: Dock Studios
  • Landlord's Representative: Jacques Wadler - Kalmon Dolgin Affiliates
  • Rent per Square Foot: $25
  • Total Square Feet: 18,000

This transaction features key individuals and companies including the landlord Meisel-Peskin, and the tenant Dock Studios. Jacques Wadler from Kalmon Dolgin Affiliates represents the landlord in this leasing transaction.

Players

Jacques Wadler

Knickerbocker Realty Group

Broker

$15.8M

vol

11 deals

Broker
Kalmon Dolgin Affiliates
Kalmon Dolgin AffiliatesBrokerage

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

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93