Brooklyn Sports & Entertainment Leases 70000 Square Feet At 220 36th St Brooklyn NY
220 36th St, Brooklyn, NY, 11232
Building Size
70,000 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 220 36th St, Brooklyn, NY, 11232, covering a total area of 70,000 square feet within the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 220 36th St, Brooklyn, NY, 11232
- Square Feet: 70,000
- Tenant: Brooklyn Sports & Entertainment
- Landlord: Angelo Gordon
- Tenant's Representatives: Joseph (Joe) Cirone -CBRE, Bruce Mosler -Cushman & Wakefield
- Landlord's Representative: David Falk -Newmark
This transaction includes key representatives such as Joseph (Joe) Cirone and Bruce Mosler working on behalf of the tenant, while David Falk represents the landlord in this lease agreement.
On the Map
Office
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Players
Brooklyn 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