LEASED
Allied Maker Leases 1400 Square Feet At 81 Franklin St New York With Franklin 81 Holdings
81 Franklin St, New York, NY, 10013
Building Size
1,400 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 81 Franklin St, New York, NY, 10013. The lease encompasses a total of 1,400 square feet in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 81 Franklin St, New York, NY, 10013
- Market: New York
- Square Feet: 1400
- Tenant: Allied Maker
- Landlord: Franklin 81 Holdings
- Tenant's Representative: Jonathan Travis
- Landlord's Representative: James Famularo (Meridian Capital Group)
This transaction features key representatives in the deal such as Jonathan Travis, who acted on behalf of the tenant, and James Famularo, representing the landlord through Meridian Capital Group.
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