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
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