Stratis Morfogen Acquires Mixed-Use Property In Greenwich Village
103 MacDougal Street, Manhattan, New York, NY, USA
Building Size
14,000 SF
Asset Type
Mixed-use
Closing
Sep 17, 2020
About this deal
AI
Located in Greenwich Village, the mixed-use property at 103-105 MacDougal Street was recently leased. The lease transaction took place on September 18, 2020. The property consists of 14,000 square feet and is situated in a vibrant market.
Summary of transaction details
- Property Type: Mixed-use
- Asking Rent: $125 per square foot
- Tenant: Stratis Morfogen (Pappas NYC)
- Landlord: Sean Lefkovits and David Lloyd (Davean Holdings)
- Broker: James Famularo (Meridian Capital Group)
This lease transaction was facilitated by James Famularo from the Meridian Capital Group. The tenant, Stratis Morfogen, is represented by Pappas NYC. The landlord of the property is Sean Lefkovits and David Lloyd, who own Davean Holdings. The property had an asking rent of $125 per square foot, totaling 14,000 square feet.
On the Map
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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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