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65 E 99th St, New York, NY,...

New York City Housing Authority Leases 3000 Square Feet To Tenant With Three Brokers In New York
LEASED

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:

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

Matthew Gorman

CBRE

Broker

$179.4M

vol

15 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