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421 Manhattan Ave, New York...

Dorothy's Petcare Leases 1100 Square Feet At 421 Manhattan Ave New York From Park Manhattan Condominium
LEASED

Dorothy's Petcare Leases 1100 Square Feet At 421 Manhattan Ave New York From Park Manhattan Condominium

421 Manhattan Ave, New York, NY, 10...

Building Size

1,100 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 421 Manhattan Ave, New York, NY. It encompasses a total area of 1100 square feet and falls within the New York market.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 421 Manhattan Ave, New York, NY
  • Square Feet: 1100
  • Landlord: Park Manhattan Condominium
  • Tenant: Dorothy's Petcare
  • Landlord's Representative: Faith Hope Consolo-Douglas Elliman

The deal was facilitated by the landlord's representative, Faith Hope Consolo, who is associated with Douglas Elliman. The transaction involves the leasing of space to Dorothy's Petcare, representing a collaboration between the landlord and tenant in the New York market.

Players

Faith Hope Consolo

Douglas Elliman

Broker

$600K

vol

6 deals

Broker

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