Leo Likas Of Blackwell Intl. CRE Represents Tenant In Lease At 40 E 9th St, New York
40 E 9th St, New York, NY, 10003
Building Size
800 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 40 E 9th St, New York, NY, 10003. It is situated in the New York market and encompasses a total of 800 square feet. The landlord for this lease is Rose Associates.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 40 E 9th St, New York, NY, 10003
- Market: New York
- Square Feet: 800
- Tenant's Representative: Leo Likas, CRRP (Blackwell Intl. CRE)
- Landlord: Rose Associates
The deal involved Leo Likas, serving as the tenant's representative, facilitating the transaction through Blackwell International Commercial Real Estate. This engagement highlights the collaboration between the tenant's representative and the landlord, Rose Associates, 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