Updated Oct 29, 2024
Norikoh Signs Lease For Commercial Space At 43 West 24th Street In Flatiron
43 West 24th Street, New York, NY 10010
Building Size
4,250 SF
Asset Type
Commercial
Closing
Nov 19, 2018
About this deal
AI
The commercial property located at 43 West 24th Street in the Flatiron market has been leased by the tenant, Norikoh. The lease transaction was facilitated by brokers Dorel Melloul, Albert Manopla, and Marc Sitt of Kassin Sabbagh Realty on behalf of the tenant. The property spans 4,250 square feet and the lease was signed at a rate of $130 per square foot.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: Lease
- Date: 11/20/2018
- Address: 43 West 24th Street
- Market: Flatiron
Marc Sitt, Dorel Melloul, and Albert Manopla, from Kassin Sabbagh Realty, played a key role as brokers in this lease transaction.
Players
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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