Isa Realty Group Leases 3800 SF Space At 1006 1st Ave New York For $80/SF
1006 1st Ave, New York, NY, 10022
$80
$80/SF
Building Size
3,800 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 1006 1st Ave, New York, NY, 10022. It is situated in the New York market, with a total square footage of 3,800. The rent per square foot is set at $80.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 1006 1st Ave, New York, NY, 10022
- Market: New York
- Landlord: Isa Realty Group
- Landlord's Representative: Joseph DiSalvo (Marcus & Millichap), Louis Franco()
- Tenant: Not specified
The transaction features key individuals and companies, including the landlord's representatives, Joseph DiSalvo from Marcus & Millichap and Louis Franco. Further details regarding the tenant are not specified in the context.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93