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175 Franklin St, New York, ...

Sushi Tatsu Leases 3800 Square Feet At 175 Franklin St New York With Brokers Kaneko And Famularo
LEASEDMultiFamily

Sushi Tatsu Leases 3800 Square Feet At 175 Franklin St New York With Brokers Kaneko And Famularo

175 Franklin St, New York, NY, 10013

Building Size

3,800 SF

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 175 Franklin St, New York, NY, 10013. It encompasses a total area of 3,800 square feet and is categorized within the New York market.

Summary of transaction details:

The deal involves Elizabeth Kaneko representing the tenant, Sushi Tatsu, while James Famularo represents the landlord's interests. The transaction reflects the collaborative efforts of both parties in securing the lease agreement.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

368 deals

Broker

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