Serafina Restaurant Group Leases 5400 Square Feet At 113 Reade St New York With Triumph Hotels
113 Reade St, New York, NY, 10013
Building Size
5,400 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The lease pertains to a property located at 113 Reade St, New York, NY, 10013. The total area of the property spans 5,400 square feet, situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 113 Reade St, New York, NY, 10013
- Market: New York
- Square Feet: 5400
- Tenant: Serafina Restaurant Group
- Landlord: Triumph Hotels
- Tenant's Representative: David Latman - DLL Real Estate
- Landlord's Representative: David Abrams
The transaction involves key individuals including David Latman, representing Serafina Restaurant Group, and David Abrams, representing Triumph Hotels. Their roles emphasize the collaborative efforts involved in finalizing the lease agreement for the specified property.
On the Map
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