Dennis Schröder Leases Six-Bedroom Home In Red Hook For $40,000 A Month With Option To Buy
$40,000
Building Size
—
Asset Type
Single Family
Closing
Sep 27, 2024
AI
The property involved in this transaction is a six-bedroom single-family home located in Red Hook, Brooklyn. The asking rent for this residence is $40,000 per month. The home is solar-powered and includes amenities such as a private garage, pool, and terrace. There is also an option to buy the property for $14 million, which would set a neighborhood record.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $40,000/Month
- Tenant: Dennis Schröder
- Asking Rent: $40,000/Month
- Option to Buy: $14 million
- Brokers: Eric Sidman & Terrence Harding - Compass
Key individuals in this transaction include NBA player Dennis Schröder, who is renting the property as he aims to establish himself as a veteran leader for the Brooklyn Nets. The brokers facilitating this transaction are Eric Sidman and Terrence Harding from Compass.
Players
Brooklyn Single Family Market Snapshot
Boundary boundary · Single Family · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396.57%
Cash-on-Cash
-113.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93