Updated Oct 29, 2024
Twenty Nine Great Jones Street Corp. Leases MultiFamily Asset At 129 Grand St
129 Grand St, New York, NY, 10013
Building Size
2,040 SF
Asset Type
MultiFamily
Closing
Mar 29, 2018
About this deal
AI
The property located at 129 Grand St, New York, NY, 10013 is an asset of MultiFamily type, with a total of 2040 square feet. The landlord involved in the lease transaction is Twenty Nine Great Jones Street Corp.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not Applicable
- Tenant's Rep: Matthew Girard
- Landlord: Twenty Nine Great Jones Street Corp.
- Address: 129 Grand St, New York, NY, 10013
- Market: New York
- Square Feet: 2040
The deal was facilitated with Matthew Girard acting as the tenant's representative in the lease agreement at 129 Grand St. The transaction underscores the cooperation between the tenant's representative and the landlord, Twenty Nine Great Jones Street Corp.
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