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142 East 49th Street, Manha...

Updated Oct 29, 2024

Bush & Dome Leases Multifamily Space At 142 E 49th St. From Landlord Peter Takiff
LEASEDMultiFamily

Bush & Dome Leases Multifamily Space At 142 E 49th St. From Landlord Peter Takiff

142 East 49th Street, Manhattan, New York, NY, USA

Building Size

650 SF

Asset Type

MultiFamily

Closing

Feb 25, 2019

About this deal

AI

A multifamily property located at 142 E 49th St. has been leased in a closed transaction. The tenant, Bush & Dome, has entered into a lease agreement with the landlord, Peter Takiff. The deal was facilitated by brokers James Famularo, John Roesch, and Kevin Bisconti from Meridian Capital Group. The lease rate for the space is $150 per square foot, and the total area of the property is 650 square feet.

Summary of transaction details

  • Property Type: Multifamily
  • Tenant: Bush & Dome
  • Landlord: Peter Takiff
  • Brokers: James Famularo, John Roesch, and Kevin Bisconti from Meridian Capital Group
  • Lease Rate: $150 per square foot
  • Area: 650 square feet

The lease agreement was signed on February 26, 2019, marking the successful completion of the deal. This transaction highlights the collaborative efforts of the involved brokers, James Famularo, John Roesch, and Kevin Bisconti, who represented the tenant and facilitated the lease agreement with Peter Takiff, the landlord of the property.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

Peter Takiff

Landlord

$11.4M

vol

3 deals

Landlord

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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