Kushner Companies Leases 1050 Square Feet To Mike And Dave's At 120 Macdougal St
120 Macdougal St, New York, NY, 10012
Building Size
1,050 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 120 Macdougal St, New York, NY, 10012. It consists of 1,050 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not provided
- Address: 120 Macdougal St, New York, NY, 10012
- Square Feet: 1,050
- Landlord: Kushner Companies
- Tenant: Mike and Dave's
- Landlord's Representatives: Dean Valentino - ABS Partners Real Estate, Jennifer Bernstein - Current Real Estate Advisors
This lease transaction involved the representation of the landlord by Dean Valentino from ABS Partners Real Estate and Jennifer Bernstein from Current Real Estate Advisors, working on behalf of Kushner Companies. The tenants in this lease are identified as Mike and Dave's.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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