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220 36th Street

Artist & Craftsman Supply Signs 10-Year Lease For 10,101 Square Feet In Sunset Park
LEASEDOffice

Artist & Craftsman Supply Signs 10-Year Lease For 10,101 Square Feet In Sunset Park

220 36th Street

Building Size

10,101 SF

Asset Type

Office

Closing

Jun 17, 2025

AI

The property asset involved is an office space located at 220 36th Street in the Sunset Park market, encompassing a total square footage of 10,101 square feet.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Landlord: Matt Bronfman - Jamestown, Belvedere Capital, Rubin Schron - Cammeby’s International, FBE Limited, Adam Schwartz - TPG Angelo Gordon, Lindsay Ornstein & Stephen Powers - Open Impact Real Estate
  • Tenant: Artist & Craftsman Supply
  • Lease Duration: 10 years
  • Previous Location: Park Slope

The deal involved multiple representatives, including Matt Bronfman representing Jamestown and Belvedere Capital, Rubin Schron representing Cammeby’s International and FBE Limited, Adam Schwartz representing TPG Angelo Gordon, and Lindsay Ornstein and Stephen Powers representing Open Impact Real Estate.

Players

Adam Schwartz

TPG Angelo Gordon

Landlord

$25.7B

vol

166 deals

Landlord
OPEN Impact Real Estate
OPEN Impact Real EstateLandlord
Jamestown
JamestownLandlord

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