American Outcomes Management Signs Seven-Year Lease For Office Space In Sunset Park, Brooklyn
274 36th St Brooklyn, NY 11232, USA
$45
$45/SF
Building Size
13,614 SF
Asset Type
Office
Closing
Aug 4, 2023
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.
Players
New York 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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93