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254 Elizabeth St, New York,...

Sézane Leases 3000 Square Feet At 254 Elizabeth St New York Represented By Mitterrand Properties
LEASED

Sézane Leases 3000 Square Feet At 254 Elizabeth St New York Represented By Mitterrand Properties

254 Elizabeth St, New York, NY, 10012

Building Size

3,000 SF

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 254 Elizabeth St, New York, NY, 10012. It consists of a leased space with a total area of 3,000 square feet. The market for this lease is New York.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 254 Elizabeth St, New York, NY, 10012
  • Market: New York
  • Tenant: Sézane
  • Landlord: KGS Elizabeth LLC
  • Tenant's Representative: Mael Mitterrand (Mitterrand Properties)
  • Landlord's Representative: Matthew Olden

This lease transaction involves Sézane as the tenant and KGS Elizabeth LLC as the landlord. The representatives for the tenant and landlord are Mael Mitterrand from Mitterrand Properties and Matthew Olden, respectively. The transaction underscores the collaboration between the parties in securing the lease agreement.

Players

Matthew Olden

Broker

6 deals

Broker
PG
Property GroupLandlord

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