Korres Leases Space At 232 Elizabeth St New York With Tenant's Rep Leo Likas
232 Elizabeth St, New York, NY, 10012
Building Size
—
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 232 Elizabeth St, New York, NY, 10012, within the New York market. The lease pertains to a space of 0 square feet, with no additional characteristics provided.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 232 Elizabeth St, New York, NY, 10012
- Market: New York
- Tenant: Korres
- Landlord: Centennial Properties
- Tenant's Rep: Leo Likas, CRRP (Blackwell Intl. CRE)
- Landlord's Rep: Kevin Bisconti (Meridian Capital Group)
The transaction was facilitated with the involvement of Leo Likas representing the tenant, Korres, and Kevin Bisconti representing the landlord, Centennial Properties. Each representative played a crucial role in negotiating the lease agreement in this closed transaction.
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