The Marcy Lab School Signs Lease At 31st St, Brooklyn With Jamestown.DisplayMember - Michael Bertini(Savills)
31st St, Brooklyn, NY, 11232
Building Size
16,500 SF
Asset Type
School
Closing
Mar 2, 2022
AI
The Marcy Lab School, located at 31st St, Brooklyn, NY, 11232, is a school property spanning 16,500 square feet in the Brooklyn market. The property was leased on 03/02/2022 with Jamestown Properties serving as the landlord.
Summary of transaction details:
- Property Type: School
- Transaction Amount: Not Applicable
- Tenant: The Marcy Lab School
- Tenant's Representative: Michael Bertini (Savills)
- Landlord: Jamestown Properties
- Landlord's Representative: Matthew Stewart (Jamestown)
The lease of the school property at 31st St, Brooklyn, NY, 11232 involved Michael Bertini representing The Marcy Lab School as the tenant, while Matthew Stewart of Jamestown acted as the landlord's representative in the transaction.
Players
Brooklyn School Market Snapshot
Boundary boundary · School · 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