Alpesh Shah Leases Office Space At 50 W. 47th St. In New York With Richard Nassimi - The Nassimi Group
50 West 47th Street
$80
$80/SF
Building Size
2,136 SF
Asset Type
Condo
Closing
Jul 21, 2022
About this deal
AI
The office property located at 50 W. 47th St. in New York has recently been leased. The transaction took place on 07/21/2022. The property, owned by the Dalumi Group, was leased to Alpesh Shah. The leasing deal was facilitated by Richard Nassimi from The Nassimi Group. The property has a total square footage of 4,522 and the asking rent was $80 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Landlord: Dalumi Group
- Tenant: Alpesh Shah
- Broker: Richard Nassimi - The Nassimi Group
- Asking Rent: $80/ft.
- Total Square Footage: 4,522
Richard Nassimi from The Nassimi Group represented Alpesh Shah in this leasing transaction. The property, located in New York, offers attractive features and amenities to tenants.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93