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422 Fulton Mall

Updated Jun 4, 2026

LEASEDOffice

Brooklyn Defender Services Signs 31-Year Lease For 212,000 Square Feet At 422 Fulton Street

422 Fulton Mall

Building Size

212,000 SF

Asset Type

Office

Closing

Jun 2, 2026

About this deal

AI

The asset involved in the lease transaction is an office space located at 422 Fulton Street in Brooklyn, encompassing a total of 212,000 square feet. The property will serve as the new headquarters for Brooklyn Defender Services, consolidating multiple employee locations into one central site scheduled to open in late 2026.

Summary of transaction details:

The lease arrangement was facilitated by a team of professionals from both Tishman Speyer and CBRE representing the landlord, as well as Newmark representing Brooklyn Defender Services. This extensive collaboration highlights the expertise involved in structuring such a long-term lease agreement.

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Players

Masha Dudelzak

CBRE

Broker

6 deals

Broker
Rob Speyer

Rob Speyer

Tishman Speyer

Landlord

$4.7B

vol

51 deals

Landlord
BS
Brooklyn Defender ServicesTenant
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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

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