ATS Business Services Leases Industrial Space In New York City At 37-35 9th Street Through NY Space Finders & Marcus & Millichap
37-35 9th Street
$27
$27/SF
Building Size
4,500 SF
Asset Type
Industrial
Closing
Mar 21, 2023
AI
The industrial property located at 37-35 9th Street in New York City has been leased. The tenant, ATS Business Services, has entered into a lease agreement with the landlord, Aiden Mccormack. The lease deal was facilitated by the brokers Luca DiCiero and Faisal Gilani from NY Space Finders, as well as Jakub Nowak and Jonathan Eshaghian from Marcus & Millichap.
Summary of transation details
- Property Type: Industrial
- Address: 37-35 9th Street, New York City
- Tenant: ATS Business Services
- Landlord: Aiden Mccormack
- Brokers: Luca DiCiero & Faisal Gilani - NY Space Finders; Jakub Nowak & Jonathan Eshaghian - Marcus & Millichap
- Asking Rent: $27/ft
- Square Footage: 4,500
The lease deal for the industrial property at 37-35 9th Street was successfully negotiated with the assistance of multiple brokers. Luca DiCiero and Faisal Gilani from NY Space Finders represented the tenant, ATS Business Services, while Jakub Nowak and Jonathan Eshaghian from Marcus & Millichap represented the landlord, Aiden Mccormack. The lease agreement was settled at an asking rent of $27 per square foot with a total space of 4,500 square feet.
Players
Market 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
587518.52%
Cash-on-Cash
-167914.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93