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43 Wooster St, New York, NY...

Grace Loves Lace Leases 43 Wooster St Condo From Ascot Properties NYC
LEASEDCondo

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

Michael Glanzberg

Sinvin Real Estate

Broker

$25.8M

vol

7 deals

Broker
AN
Ascot Properties NYCLandlord

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