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1272 Lexington Ave, New Yor...

Updated Oct 29, 2024

Mattress Firm Leases 3300 Square Feet At 1272 Lexington Ave With Newmark Brokers In New York
LEASEDMultiFamily

Mattress Firm Leases 3300 Square Feet At 1272 Lexington Ave With Newmark Brokers In New York

1272 Lexington Ave, New York, NY, 10...

Building Size

3,300 SF

Asset Type

MultiFamily

Closing

Nov 19, 2023

About this deal

AI

The property asset involved in this transaction is located at 1272 Lexington Ave, New York, NY. It features a total area of 3,300 square feet. The transaction falls within the New York market.

Summary of transaction details:

This transaction involved representatives Marc Frankel and Drew Weiss from Newmark representing Mattress Firm, while Mark Stempel from CityVest Realty Corp represented the landlord, 1276 Lex Owner, LLC. The involvement of these individuals indicates a collaborative effort in finalizing the lease agreement.

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Players

Marc Frankel

Newmark

Broker

12 deals

Broker
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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

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