facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Lease

/

220 Park Avenue South, New ...

Nusr_Et Leases Condo At 220 Park Avenue South From Bijan & Danny Nassi - BCN NY
LEASED

Nusr_Et Leases Condo At 220 Park Avenue South From Bijan & Danny Nassi - BCN NY

220 Park Avenue South, New York, NY, USA

Building Size

6,000 SF

Asset Type

Closing

Feb 19, 2019

AI

The recently leased condo located at 220 Park Avenue South has been successfully rented out. The property, consisting of 6,000 square feet, was leased by tenant, Nusr_Et, who is known for his popular meat restaurant. The lease was facilitated by the reputable brokers, Lon Rubackin, Michael Kadosh, Eric Gelber, and Jordan Kaplan from CBRE. The law firm Emouna & Mikhail PC was involved in the legal aspects of the transaction.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: Not specified
  • Image: Nusret Gökçe
  • Date: 02/20/2019
  • Address: 220 Park Avenue South
  • Tenant: @Nusr_Et
  • Landlord: Bijan & Danny Nassi - BCN NY
  • Brokers: Lon Rubackin, Michael Kadosh, Eric Gelber, and Jordan Kaplan @CBRE
  • Law Firm: Emouna & Mikhail PC @emounamikhail
  • Asking Rent: $220/ft.
  • SF: 6,000 (2,800 G + 3,200 LL)

The successful leasing of the condo at 220 Park Avenue South was made possible through the efforts of Nusr_Et, Lon Rubackin, Michael Kadosh, Eric Gelber, Jordan Kaplan from CBRE, and the legal expertise of Emouna & Mikhail PC.

Players

Lon Rubackin

CBRE

Broker

$23M

vol

5 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

Loading comparables…

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