Updated Nov 19, 2023
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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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