Grace Loves Lace Leases 43 Wooster St Condo From Ascot Properties NYC
43 Wooster St, New York, NY, 10013
Building Size
4,300 SF
Asset Type
Condo
Closing
Aug 31, 2018
AI
The property at 43 Wooster St, New York, NY, 10013, is a Condo with a total square footage of 4300. The lease for this Condo was finalized on 08/31/2018 in the New York market. Margie Sarway and Michael Glanzberg from Sinvin Real Estate represented the landlord, Ascot Properties NYC, in this transaction. Margie Sarway from Sinvin Real Estate also acted as the broker for this deal. The tenant for this Condo is Grace Loves Lace.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: Not provided
- Address: 43 Wooster St, New York, NY, 10013
- Market: New York
- Landlord's Rep: Margie Sarway(Sinvin Real Estate), Michael Glanzberg(Sinvin Real Estate)
- Tenant: Grace Loves Lace
In addition to the aforementioned details, it's worth noting that Margie Sarway, representing Sinvin Real Estate, played a dual role in this transaction as both the landlord's representative and the broker. This convergence of roles adds a unique dynamic to the deal, showcasing the collaborative effort within the real estate industry.
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