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220 36th Street

PDS NFP Leases 15,000 SF Office At 220 36th Street Brooklyn For $37/ft
LEASEDOffice

PDS NFP Leases 15,000 SF Office At 220 36th Street Brooklyn For $37/ft

220 36th Street

$37

$37/SF

Building Size

15,000 SF

Asset Type

Office

Closing

Oct 1, 2024

AI

The property involved in this transaction is an office asset located at 220 36th Street, Brooklyn. It features a total square footage of 15,000 and has an asking rent of $37 per square foot. The lease type is a Modified Gross Lease.

Summary of transaction details:

This lease transaction was facilitated by representatives well-versed in the Brooklyn market. Matthew Stewart represented the landlord, while the tenant was represented by a team of brokers, Dina Bakalis and Bobby Coulianidis, ensuring a seamless transaction process for both parties.

Players

Matthew Stewart

Jamestown

Broker

$125M

vol

5 deals

Broker

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

428729.73%

Cash-on-Cash

-122532.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93