2nd City Second Ave LLC Leases 950 Square Feet At 1752 2nd Ave New York
1752 2nd Ave, New York, NY, 10128
Building Size
950 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
AI
The property involved in this lease transaction is located at 1752 2nd Ave, New York, NY, 10128. It comprises a total area of 950 square feet, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1752 2nd Ave, New York, NY, 10128
- Square Feet: 950
- Tenant: 2nd City Second Ave LLC
- Landlord: 1750-1752 Second
- Tenant's Representative: Charles Rapuano - Winick Realty Group
This transaction highlights the involvement of Charles Rapuano as the representative for the tenant, 2nd City Second Ave LLC, while the landlord is identified as 1750-1752 Second. The transactional dynamics reflect a structured leasing arrangement between these parties.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
Loading comparables…
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