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.
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