Abingdon Square Partners Leases Warehouse In Brooklyn To B & Z Steel Equipment Company
8385 3rd Ave, Brooklyn, NY, 11209
Building Size
14,428 SF
Asset Type
Warehouse
Closing
Nov 8, 2019
About this deal
AI
The warehouse located at 8385 3rd Ave, Brooklyn, NY, 11209, boasts a generous space of 14,428 square feet. The property served as the setting for a recent lease transaction between Abingdon Square Partners and the landlord, B & Z Steel Equipment Company.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not Provided
- Tenant: Abingdon Square Partners
- Landlord: B & Z Steel Equipment Company
- Market: Brooklyn
- Landlord's Rep: Peter Weisman
The lease deal was successfully facilitated on 11/08/2019, allowing Abingdon Square Partners to utilize the warehouse space at 8385 3rd Ave. Peter Weisman, acting as the Landlord's representative, played a pivotal role in ensuring the smooth execution of the transaction.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93