DaVinci Artist Supply Leases 1674 Square Feet At 386 2nd Ave New York From FCA
386 2nd Ave, New York, NY, 10010
Building Size
1,674 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this lease transaction is located at 386 2nd Ave, New York, NY, 10010. The total square footage of the leased space is 1,674 square feet, situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 386 2nd Ave, New York, NY, 10010
- Square Feet: 1,674
- Tenant: DaVinci Artist Supply
- Landlord: FCA
- Tenant's Representative: Cory Gahr-Lee & Associates NYC
- Landlord's Representatives: Joseph Cogan-Lee & Associates NYC, Edmond Pechaty-Lee & Associates NYC
This transaction involves DaVinci Artist Supply as the tenant, securing a lease with FCA as the landlord. The representatives engaged in the deal include Cory Gahr-Lee & Associates NYC for the tenant, and Joseph Cogan-Lee & Associates NYC along with Edmond Pechaty-Lee & Associates NYC representing the landlord.
On the Map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
Deal FAQ
Browse New York leases on Traded.
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