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8385 3rd Ave, Brooklyn, NY,...

Abingdon Square Partners Leases Warehouse In Brooklyn To B & Z Steel Equipment Company
LEASEDWarehouse

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

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.

Players

Peter Weisman

Weisman NYC

Broker

$36.9M

vol

12 deals

Broker
BC
B & Z Steel Equipment CompanyLandlord
AP
Abingdon Square PartnersTenant

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