Michael Cohen Of Newmark Represents Tenant In 1500 SF Multifamily Lease, New York
1319 1st Ave, New York, NY, 10021
Building Size
1,500 SF
Asset Type
MultiFamily
Closing
Jun 12, 2018
AI
The property located at 1319 1st Ave, New York, NY, 10021 is a MultiFamily asset spanning 1500 square feet, part of the New York market. The lease for this property was finalized on 06/12/2018, with Lori Zee Corp. serving as the landlord and Michael Cohen from Newmark representing the tenant.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Tenant's Rep: Michael Cohen(Newmark)
- Landlord: Lori Zee Corp.
- Address: 1319 1st Ave, New York, NY, 10021
- Market: New York
- Square Feet: 1500
In this deal, Michael Cohen from Newmark represented the tenant, ensuring a successful lease agreement with Lori Zee Corp. Both parties came together to finalize the transaction for the MultiFamily property, demonstrating effective negotiation and deal-making skills.
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