Friends Of Crown Heights Educational Services Leases 23700 SF At 374 Pine St Brooklyn With Carri Lyon And Karen Cohen
374 Pine St, Brooklyn, NY, 11208
$24
$24/SF
Building Size
23,700 SF
Asset Type
School
Closing
Jun 8, 2016
AI
The property involved in this lease transaction is located at 374 Pine St, Brooklyn, NY, 11208. It spans a total area of 23,700 square feet and is situated in the Brooklyn market. The rent is priced at $24 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 374 Pine St, Brooklyn, NY, 11208
- Market: Brooklyn
- Square Feet: 23,700
- Rent/SF: $24
- Tenant: Friends of Crown Heights Educational Services
- Landlord: SR Nager Management
- Tenant's Representative: Carri Lyon (Cushman & Wakefield)
- Landlord's Representative: Karen Cohen (M.C. O'Brien)
Key individuals involved in this lease transaction include Carri Lyon representing the tenant, Friends of Crown Heights Educational Services, and Karen Cohen representing the landlord, SR Nager Management. Their roles were crucial in facilitating the agreement between the two parties.
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
660958.33%
Cash-on-Cash
-188903.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93