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
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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