Glamour Decorating Signs Modified Gross Lease At 335 37th Street In Sunset Park, Brooklyn
335 37th Street
$30
$30/SF
Building Size
4,000 SF
Asset Type
Industrial
Closing
Nov 2, 2023
AI
The industrial property located at 335 37th Street, in Sunset Park, Brooklyn, has been leased. The property spans 4,000 square feet and features an image provided by Meyer Dagmy. The lease transaction was completed on November 2, 2023.
Summary of transaction details
- Property Type: Industrial
- Market: Sunset Park, Brooklyn
- Address: 335 37th Street
- Tenant: Glamour Decorating
- Landlord: Bruno Frustaci Contracting
- Landlord's Representative: Mark Caso & Thomas Chamoun - Pinnacle Realty
- Tenant's Representative: Meyer Dagmy - MOD
- Asking Rent: $30/ft
- Square Footage: 4,000
- Lease Type: Modified Gross Lease
The landlord in this transaction is Bruno Frustaci Contracting, represented by Mark Caso and Thomas Chamoun from Pinnacle Realty. Glamour Decorating is the tenant, represented by Meyer Dagmy from MOD. The lease was a modified gross lease, and the asking rent was $30 per square foot. The deal was successfully completed, allowing Glamour Decorating to lease the industrial space at 335 37th Street in Sunset Park.
Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
528766.67%
Cash-on-Cash
-151123.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93