New York City Housing Authority Leases 3000 Square Feet To Tenant With Three Brokers In New York
65 E 99th St, New York, NY, 10029
Building Size
3,000 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in the transaction is located at 65 E 99th St, New York, NY, 10029. It has a total square footage of 3000 and is situated in the New York market. The landlord of the property is the New York City Housing Authority.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 65 E 99th St, New York, NY, 10029
- Market: New York
- Square Feet: 3000
- Landlord: New York City Housing Authority
- Tenant's Representatives: Joshua Gettler-New Street Realty Advisors, Matthew Gorman-CBRE, Christopher Bruggers-New Street Realty Advisors
The transaction highlights the involvement of representatives from various real estate agencies, specifically New Street Realty Advisors and CBRE. This collaborative effort underscores the engagement of multiple professionals in facilitating the leasing process for the property.
Players
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