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223 Bleecker St, New York, ...

Moon Wrap Leases 700 Square Feet At 223 Bleecker St New York With Solil Management
LEASED

Moon Wrap Leases 700 Square Feet At 223 Bleecker St New York With Solil Management

223 Bleecker St, New York, NY, 10012

Building Size

700 SF

Asset Type

Closing

Nov 19, 2023

AI

A lease transaction has taken place involving a 700 square foot property located at 223 Bleecker St, New York, NY, 10012. The transaction occurs in the New York market, with specific details related to the parties involved in the lease agreement.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 223 Bleecker St, New York, NY, 10012
  • Market: New York
  • Tenant: Moon Wrap
  • Landlord: Solil Management
  • Tenant's Representative: Gregory (Greg) Tannor, Lee & Associates
  • Landlord's Representative: Brett Weinblatt, Compass

This transaction involved key individuals including tenant Moon Wrap, represented by Gregory (Greg) Tannor from Lee & Associates, and landlord Solil Management, represented by Brett Weinblatt from Compass. Their involvement facilitated the lease arrangement for the specified property.

Players

Brett Weinblatt

Compass

Broker

$11.8M

vol

15 deals

Broker
Solil Management
Solil ManagementLandlord

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