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
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