Updated Oct 29, 2024
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
New York MultiFamily Market Snapshot
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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