Nasir Jones Leases Tribeca Condo Through Jaf Glazer At $16.5K/month
1 York Street
$9
$9/SF
Building Size
1,714 SF
Asset Type
Condo
Closing
May 21, 2024
About this deal
AI
Located at 1 York Street in Tribeca, Manhattan, the asset involved in this transaction is a two-bedroom condo in the Enrique Norten-designed One York. Nasir Jones, known as Nas, has leased this property for $16,500 a month, spanning 1,714 square feet.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $16,500/month
- Tenant: Nasir Jones
- Broker: Jaf Glazer - Conquest Advisor
- Market: Tribeca, Manhattan
- Address: 1 York Street
Rapper-turned-financier Nas, also known as Nasir Jones, collaborated with Resorts World Casino New York City on a $5 billion expansion project that aims to revitalize Jamaica, Queens, providing new opportunities for local families.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1762555.56%
Cash-on-Cash
-503743.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93