Purple Rice LLC Leases 2500 Square Feet At 263 W 30th St New York With Marcus Magarian As Tenant's Rep
263 W 30th St, New York, NY, 10001
$73
$73/SF
Building Size
2,500 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 263 W 30th St, New York, NY, 10001. This asset is in the New York market and encompasses a total of 2,500 square feet. The rent per square foot for this lease agreement is set at $73.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not disclosed
- Address: 263 W 30th St, New York, NY, 10001
- Market: New York
- Tenant: Purple Rice LLC
- Landlord: Banafish Realty
- Tenant's Representative: Marcus Magarian (Oxford Properties Group)
The deal showcases the collaboration between Purple Rice LLC, the tenant, and Banafish Realty, the landlord. Marcus Magarian from Oxford Properties Group represents the interests of the tenant in this lease agreement, facilitating the transaction.
On the Map
$73
$73/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
217301.37%
Cash-on-Cash
-62105.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93