Updated Aug 27, 2026
Isaac Schwartz Leases Multifamily Space At 154 West 27th Street To Urban Electronics For $120/ft
154 West 27th Street
$120
$120/SF
Building Size
1,500 SF
Asset Type
MultiFamily
Closing
Aug 10, 2026
About this deal
AI
The transaction involves leasing a multifamily property located at 154 West 27th Street in the Chelsea market. The asking rent for the space is set at $120 per square foot, covering a total area of 1,500 square feet. The lease type is a Modified Gross Lease.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $120/ft
- Lease Type: Modified Gross Lease
- Address: 154 West 27th Street
- Market: Chelsea
- Landlord: Isaac Schwartz
- Tenant: Urban Electronics
- Broker Representatives: Meyer Dagmy & Eddie Mamiye - MOD
Key individuals involved in this transaction include landlord Isaac Schwartz and tenant Urban Electronics. The brokers representing the landlord are Meyer Dagmy and Eddie Mamiye from the agency MOD.
On the Map
$120
$120/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
132191.67%
Cash-on-Cash
-37780.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93