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
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
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