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
About this deal
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.
On the Map
Office
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Players
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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