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104 Reade St, New York, NY,...

Lively Group Leases 1500 Square Feet At 104 Reade St New York With Broker Representation
LEASEDCondo

Lively Group Leases 1500 Square Feet At 104 Reade St New York With Broker Representation

104 Reade St, New York, NY, 10013

Building Size

1,500 SF

Asset Type

Condo

Closing

Sep 22, 2015

AI

The property asset involved in this transaction is located at 104 Reade St, New York, NY, 10013. It is a lease property with a total space of 1,500 square feet. The lease is for a duration of 10 years. This transaction is situated within the New York market.

Summary of transaction details:

This lease transaction sees Lively Group securing a long-term lease. The tenant is represented by Anita Grossberg from Douglas Elliman, while the landlord is represented by James Famularo of Meridian Capital Group. This engagement reflects the collaborative effort of both representatives in facilitating the agreement.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

376 deals

Broker
LG
Lively GroupTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93