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132 East 32nd Street, Brook...

LEASEDOffice

The Premins Company Leases Office Space At 132 32nd Street In Sunset Park, Brooklyn With Brokers Ben Waller & Anthony Diorio BS_Partners Real Estate

132 East 32nd Street, Brooklyn, NY, USA

Building Size

5,000 SF

Asset Type

Office

Closing

Mar 31, 2021

AI

The leased property is located at 132 32nd Street in the Sunset Park neighborhood of Brooklyn. This office asset encompasses 5,000 square feet and has an asking rent of $32 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $32/ft.
  • Address: 132 32nd Street
  • Market: Sunset Park, Brooklyn
  • Asset Size: 5,000 SF
  • Tenant: The Premins Company
  • Landlord: Bushburg Properties
  • Brokers: Ben Waller & Anthony Diorio BS_Partners Real Estate
  • Date: 04/01/2021

This transaction involved The Premins Company as the tenant and Bushburg Properties as the landlord. The brokers representing the deal were Ben Waller and Anthony Diorio from BS_Partners Real Estate.

Players

Dominic DiOrio

Broker

2 deals

Broker
BP
Bushburg PropertiesLandlord

New York Office Market Snapshot

Boundary boundary · Office · 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