Emre Bozkurt Of Platinum Properties Leases Warehouse At 275 S 2nd Street In Brooklyn For $50/SF
275 S 2nd Street
$50
$50/SF
Building Size
2,500 SF
Asset Type
Warehouse
Closing
Oct 14, 2021
About this deal
AI
The property asset involved in this transaction is a warehouse located at 275 S 2nd Street in Brooklyn. The rental rate established for this space is $50 per square foot, and the total square footage of the warehouse is 2,500.0 square feet.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: N/A
- Address: 275 S 2nd Street
- Market: Brooklyn
- Rent/SF: $50
- Square Feet: 2,500.0
- Broker: Emre Bozkurt - Platinum Properties
Emre Bozkurt represented the involved parties in this lease transaction through Platinum Properties, facilitating the agreement for the warehouse space. The deal reflects a strategic move in the Brooklyn market, characterized by the involvement of a professional brokerage in securing the lease.
On the Map
$50
$50/SF
Warehouse
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Players
Brooklyn Warehouse Market Snapshot
Boundary boundary · Warehouse · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93