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37-35 9th Street

ATS Business Services Leases Industrial Space In New York City At 37-35 9th Street Through NY Space Finders & Marcus & Millichap
LEASEDIndustrial

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

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

Faisal Gilani

NY Space Finders

Broker

$27.4M

vol

46 deals

Broker

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