My Time Academy Leases Industrial/Office Space In East Harlem With Brokers Sholom Kanevsky & Brent LeGunn
211 East 123rd Street, New York City, New York 10035, United States
Building Size
8,750 SF
Asset Type
Industrial
Closing
Feb 10, 2022
AI
An industrial/office property located at 211 East 123rd St. in East Harlem has been leased. The property spans a total of 8,750 square feet and was leased by My Time Academy Inc. The lease was facilitated by brokers Sholom Kanevsky and Brent LeGunn of KSR. The lease transaction took place on February 11, 2022.
Summary of transaction details
- Property Type: Industrial/Office
- Transaction Date: 02/11/2022
- Address: 211 East 123rd St., East Harlem
- Market: East Harlem
- Landlord: 211 E. 123rd Company - Jeff Heiser
- Tenant: My Time Academy Inc.
- Brokers: Sholom Kanevsky & Brent LeGunn - KSR
- Asking Rent: $30/ft.
- Total Square Footage: 8,750
Sholom Kanevsky and Brent LeGunn of KSR represented the landlord and tenant, respectively, in this leasing deal.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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