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6432 Shaler Ave, New York, ...

Shaller Avenue Corporation Leases 1000 SF To Lopez Iron Works At 6432 Shaler Ave
LEASED

Shaller Avenue Corporation Leases 1000 SF To Lopez Iron Works At 6432 Shaler Ave

6432 Shaler Ave, New York, NY, 11385

$42

$42/SF

Building Size

1,000 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this transaction is a lease located at 6432 Shaler Ave, New York, NY, 11385, in the Glendale market. It encompasses a total area of 1000 square feet and is leased at a rate of $42 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 6432 Shaler Ave, New York, NY, 11385
  • Market: Glendale
  • Landlord: Shaller Avenue Corporation
  • Tenant: Lopez Iron Works
  • Landlord's Representative: Martin DuPain (Bond New York Real Estate)

This deal features Lopez Iron Works as the tenant, seeking space in an urban area facilitated by representation from Martin DuPain, who is affiliated with Bond New York Real Estate, representing the landlord in this lease transaction.

Players

Martin DuPain

Highline Residential

Broker

2 deals

Broker

Glendale 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

377690.48%

Cash-on-Cash

-107945.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93