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232 Elizabeth St, New York,...

Korres Leases Space At 232 Elizabeth St New York With Tenant's Rep Leo Likas
LEASED

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:

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

Kevin Bisconti

Meridian Capital Group

Broker

51 deals

Broker
Centennial Properties
Centennial PropertiesLandlord

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