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42 Lispenard St, New York, ...

Montauk Sofa Leases 4500 Square Feet At 42 Lispenard St New York With David Gomez And Chris Halliburton
LEASED

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

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:

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.

Players

David Gomez

Peak Real Estate

Broker

$402.3M

vol

71 deals

Broker
MS
Montauk SofaTenant

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