TrustLess Media Inc. Leases Office Space At 34-35th Street In Sunset Park, Industry City For $40/ft
34 35th Street
Building Size
3,500 SF
Asset Type
Office
Closing
Sep 1, 2022
About this deal
AI
The office space located at 34-35th Street in Sunset Park, Industry City has recently been leased. The property, owned by Belvedere Capital, Cammeby's International, Jamestown, L.P., Angelo, Gordon & Co., and GIC Real Estate, will now be occupied by TrustLess Media Inc. The lease transaction was facilitated by Aric Trakhtenberg of Newmark. The property spans a total area of 2,563 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 34-35th Street
- Market: Sunset Park, Industry City
- Landlord: Belvedere Capital, Cammeby's International, Jamestown, L.P., Angelo, Gordon & Co., GIC Real Estate
- Tenant: TrustLess Media Inc.
- Broker: Aric Trakhtenberg - Newmark
- Asking Rent: $40/ft.
- Square Footage: 2,563
Aric Trakhtenberg, representing Newmark, played a key role in securing the lease on behalf of TrustLess Media Inc. This transaction demonstrates the growing demand for office space in the Sunset Park, Industry City market.
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