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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Lively Group
- Landlord: Reade Street Associates
- Tenant's Representative: Anita Grossberg, Douglas Elliman
- Landlord's Representative: James Famularo, Meridian Capital Group
- Square Feet: 1,500
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.
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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