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
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