ISouvlaki Leases Space At 209 7th Ave In New York With Tenant's Rep Leo Likas
209 7th Ave, New York, NY, 10011
Building Size
—
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 209 7th Ave, New York, NY, 10011, within the New York market. The asset is leased to iSouvlaki, with a square footage of 0.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: iSouvlaki
- Landlord: 169 West 22nd Street, LLC
- Tenant's Representative: Leo Likas, CRRP - Blackwell Intl. CRE
- Landlord's Representative: Ben Biberaj - Meridian Capital Group
This lease transaction features involvement from Leo Likas, representing the tenant, and Ben Biberaj, representing the landlord. The landlord is 169 West 22nd Street, LLC, while the tenant is iSouvlaki, highlighting the key participants engaged in this deal.
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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