Crown Acquisitions Leases 40000 SF To Science Language And Arts International School In Brooklyn
9 Hanover Pl, Brooklyn, NY, 11201
$55
$55/SF
Building Size
40,000 SF
Asset Type
Retail
Closing
Jul 23, 2018
AI
The property involved is located at 9 Hanover Pl, Brooklyn, NY, 11201, within the Brooklyn market. It features a total of 40,000 square feet and has a rent per square foot of $55.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 9 Hanover Pl, Brooklyn, NY, 11201
- Market: Brooklyn
- Tenant: Science, Language and Arts International School
- Landlord: Crown Acquisitions
- Tenant's Representative: Matt Hopkins & Jane Brody - Vicus Partners
- Landlord's Representative: Isaac Mograby
This transaction highlights the involvement of Crown Acquisitions as the landlord, with Isaac Mograby representing their interests. The tenant, Science, Language and Arts International School, secured their tenancy with the support of their representatives from Vicus Partners, Matt Hopkins and Jane Brody.
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93