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13 42nd Street

Updated Jul 10, 2026

LEASEDOffice

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

Bridget Killian Chansakul

New York City Economic Development Corporation

Broker

1 deal

Broker
NC
New York City Economic Development CorporationLandlord
Russell Greenberg

Russell Greenberg

Stickbulb

Tenant

1 deal

Tenant

Brooklyn 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

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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