Montauk Sofa Leases 4500 Square Feet At 42 Lispenard St New York With David Gomez And Chris Halliburton
42 Lispenard St, New York, NY, 10013
Building Size
4,500 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this lease transaction is located at 42 Lispenard St, New York, NY, 10013. It encompasses a total of 4,500 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Montauk Sofa
- Landlord: 42 Lispenard L.L.C.
- Tenant's Representative: Chris Halliburton
- Landlord's Representatives: David Gomez-Peak Real Estate, David Gomez Pearlberg, Compass
This lease transaction involves key representatives, with Chris Halliburton acting on behalf of the tenant, Montauk Sofa, while the landlord, 42 Lispenard L.L.C., is represented by David Gomez-Peak Real Estate and David Gomez Pearlberg from Compass.
On the Map
Players
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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