Stickbulb Leases 27,300 Square Feet At MADE Bush Terminal In Brooklyn From New York City Economic Development Corporation
13 42nd Street
Building Size
27,300 SF
Asset Type
Office
Closing
Jul 9, 2026
About this deal
AI
The property asset involved in the transaction is an office space located at 13 42nd Street, Brooklyn, comprising a total of 27,300 square feet. The lease was signed by the tenant, Stickbulb, for a duration of more than five years, with rents set in the mid-$20s per square foot. The landlord for this deal is the New York City Economic Development Corporation.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 13 42nd Street
- Market: Brooklyn
- Square Footage: 27,300
- Landlord: New York City Economic Development Corporation
- Tenant: Russell Greenberg & Christopher Beardsley - Stickbulb
- Broker: Bridget Killian Chansakul - New York City Economic Development Corporation
Key individuals in this transaction include Russell Greenberg and Christopher Beardsley representing Stickbulb, who have committed to occupying space in Buildings A and B at MADE Bush Terminal. Bridget Killian Chansakul served as the broker representing the landlord in this lease agreement.
Players
Brooklyn Office Market Snapshot
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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