American Outcomes Management Signs Seven-Year Lease For Office Space In Sunset Park, Brooklyn
274 36th St Brooklyn, NY 11232, USA
Building Size
13,614 SF
Asset Type
Office
Closing
Aug 4, 2023
About this deal
AI
American Outcomes Management, a medical lab specializing in immunotherapy, has signed a seven-year lease for 13,614 square feet in Building 6 of Industry City in Sunset Park, Brooklyn. The leased space, with an asking rent between $38 and $45 per square foot, is located at 274 36th Street.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Market: Sunset Park, Brooklyn
- Landlord: Belvedere Capital, Jamestown, Angelo Gordon & Company - Nick Shears & Jeff Fein
- Tenant: American Outcomes Management
- Brokers: David Newton & Kelly Koukou - Lee & Associates
- Asking Rent: $45/ft
- Lease Term: Seven-year
The deal was facilitated by David Newton and Kelly Koukou of Lee & Associates, who represented the tenant in the transaction.
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Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93