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120 Central Park S, New Yor...

Updated Oct 29, 2024

Sev Laser Signs Lease For 950 Square Feet At 120 Central Park S In New York
LEASED

Sev Laser Signs Lease For 950 Square Feet At 120 Central Park S In New York

120 Central Park S, New York, NY, 100...

Building Size

950 SF

Asset Type

—

Closing

Nov 20, 2023

About this deal

AI

The property asset involved in this transaction is located at 120 Central Park S, New York, NY. The square footage of the space is 950, situated in the New York market. The landlord's representative is Matthew Olden. The landlord remains unidentified in the context provided. The tenant in this lease transaction is Sev Laser.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 120 Central Park S, New York, NY, 100...
  • Square Feet: 950
  • Market: New York
  • Landlord's Representative: Matthew Olden
  • Tenant: Sev Laser
  • Landlord: Unknown

This lease transaction highlights the engagement between Sev Laser and the unidentified landlord, facilitated by Matthew Olden as the landlord's representative. The transaction reflects the relationships and negotiations integral to the leasing process in the New York market.

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Players

Matthew Olden

Broker

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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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