Poggenpohl Leases 6050 Sq Ft Condo On Greene St, NYC With Sinvin Real Estate
132 Greene St, New York, NY, 10012
Building Size
6,050 SF
Asset Type
Condo
Closing
Mar 7, 2019
AI
The asset involved in the transaction is a Condo located at 132 Greene St, New York, NY, 10012. The property spans 6,050 square feet and was leased on 03/07/2019 in the New York market.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: Not provided
- Tenant: Poggenpohl
- Landlord: Ascot Properties
The deal's key individuals included Margie Sarway and Michael Glanzberg from Sinvin Real Estate acting as the Landlord's representatives, with Margie Sarway also serving as the broker. The Tenant, Poggenpohl, leased the space from Landlord Ascot Properties.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93