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335 37th Street

Glamour Decorating Signs Modified Gross Lease At 335 37th Street In Sunset Park, Brooklyn
LEASEDIndustrial

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

Meyer Dagmy
Verified Badge

Meyer Dagmy

MOD

Broker

$5.5M

vol

90 deals

Broker

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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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