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120 Macdougal St, New York,...

Kushner Companies Leases 1050 Square Feet To Mike And Dave's At 120 Macdougal St
LEASEDMultiFamily

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:

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

Dean Valentino

ABS Partners Real Estate

Broker

5 deals

Broker
Colliers
ColliersBrokerage
Kushner Companies
Kushner CompaniesLandlord

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