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220 36th Street

Rumi Scientific Leases Mixed-use Space At 220 36th Street Brooklyn From Industry City For 5 Years
LEASEDMixed-use

Rumi Scientific Leases Mixed-use Space At 220 36th Street Brooklyn From Industry City For 5 Years

220 36th Street

$36

$36/SF

Building Size

6,510 SF

Asset Type

Mixed-use

Closing

May 29, 2025

AI

The property asset involved in this transaction is a mixed-use space located at 220 36th Street in Brooklyn. The asking rent for this property is $36 per square foot, with a total area of 6,510 square feet. The lease term established for this asset is 5 years under a single net lease agreement.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $36/ft
  • Lease Term: 5 years
  • Lease Type: Single Net Lease
  • Landlord: Industry City
  • Tenant: Rumi Scientific
  • Landlord's Rep: Jeff Fein & Nick Shears - Industry City

Key individuals involved in the transaction include the landlord, Industry City, and the tenant, Rumi Scientific. The landlord's representatives for this deal were Jeff Fein and Nick Shears, who are associated with Industry City.

Players

Jeff Fein

Industry City

Broker

9 deals

Broker
Industry City
Industry CityLandlord

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

440638.89%

Cash-on-Cash

-125935.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93