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103 MacDougal Street, Manha...

Stratis Morfogen Acquires Mixed-Use Property In Greenwich Village
LEASEDMixed-use

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

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

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.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

367 deals

Broker
Sean Lefkovits

Sean Lefkovits

Davean Holdings

Landlord

$295.5M

vol

34 deals

Landlord

Stratis Morfogen

Tenant

2 deals

Tenant

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