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9 Hanover Pl, Brooklyn, NY,...

Crown Acquisitions Leases 40000 SF To Science Language And Arts International School In Brooklyn
LEASEDRetail

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

Isaac Mograby

Broker

$36.2M

vol

6 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage
Crown Acquisitions
Crown AcquisitionsLandlord

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