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220 36th Street

Updated Dec 6, 2024

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

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

About this deal

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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Deal FAQ

About $37 per square foot on a published $37 for 15,000 square feet (2024).

Visit Matthew Stewart to view all their deals.

Browse Brooklyn office leases on Traded.

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

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