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172 Monroe Street

Updated Nov 19, 2023

More Storage Leases Industrial Space At 172 Montrose Avenue In New York City
LEASEDIndustrial

More Storage Leases Industrial Space At 172 Montrose Avenue In New York City

172 Monroe Street

$22

$22/SF

Building Size

5,000 SF

Asset Type

Industrial

Closing

Dec 6, 2022

About this deal

AI

A industrial property located at 172 Montrose Avenue in New York City has been leased. The tenant, More Storage, has signed a lease with the landlord for a storage use. The property spans a total of 5,000 square feet and the asking rent was $22 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Tenant: More Storage
  • Address: 172 Montrose Avenue, New York City
  • Asking Rent: $22 per square foot
  • Square Footage: 5,000

The deal was facilitated by Aryeh Vilinsky of BH Realty Group, who represented both the tenant, More Storage, and the landlord. BH Realty Group is a full-service leasing brokerage actively seeking new business opportunities in both landlord and tenant representation. For inquiries or to join The BH Team, please email [email protected].

Players

New York City Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Deal FAQ

About $22 per square foot on a published $22 for 5,000 square feet (2022).

Browse New York City industrial leases on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

721045.45%

Cash-on-Cash

-206077.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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