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42 45 12th Street

Bark Frameworks Signs 15-Year Lease At 42-45 12th Street, Long Island City For $35/SF
LEASEDMixed-use

Bark Frameworks Signs 15-Year Lease At 42-45 12th Street, Long Island City For $35/SF

42 45 12th Street

Building Size

17,500 SF

Asset Type

Mixed-use

Closing

Nov 3, 2025

AI

A mixed-use asset located at 42-45 12th Street in Long Island City, this property has a total square footage of 17,500 and features an asking rent of $35 per square foot. The tenant, Bark Frameworks, is set to benefit from the newly renovated building which includes a private, three-level setup suitable for its operations.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not disclosed
  • Address: 42-45 12th Street
  • Market: Long Island City
  • Landlord: Superior Management
  • Tenant: Jack Sullivan
  • Broker Representation: Jonathan Burke & Patrick Gardner - JW Burke & Company
  • Lease Term: 15-year lease
  • Asking Rent: $35/ft

Jack Sullivan represents Bark Frameworks in this lease transaction, whereby the firm is relocating from a nearby location. Jonathan Burke and Patrick Gardner from JW Burke & Company acted as brokers throughout the process, securing the lease arrangement for 15 years.

Players

Jonathan Burke

JW Burke & Company

Broker

2 deals

Broker

Jack Sullivan

Broker

$11.1M

vol

2 deals

Broker
JW Burke & Company
JW Burke & CompanyBrokerage

Long Island City 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93