Updated Feb 10, 2025
The Smiley Company Leases Multifamily Space From Delshah Capital At 138 Ludlow Street
138 Ludlow Street
$270
$270/SF
Building Size
550 SF
Asset Type
MultiFamily
Closing
Jan 1, 2025
About this deal
AI
The property involved in this transaction is a multifamily asset located at 138 Ludlow Street in the Lower East Side market. The asking rent for this space is set at $270 per square foot with a total square footage of 550. The lease type is a modified gross lease.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $270/ft
- Address: 138 Ludlow Street
- Market: Lower East Side
- Landlord: Delshah Capital
- Tenant: The Smiley Company
- Broker: REQCE Commercial
- Lease Type: Modified Gross Lease
The Smiley Company, a global brand recognized for promoting happiness through various media, has successfully secured this prime location. The deal was facilitated by REQCE Commercial, representing the tenant in this lease agreement.
On the Map
$270
$270/SF
MultiFamily
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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
58751.85%
Cash-on-Cash
-16791.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93