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
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93