Updated Oct 29, 2024
West Houston Realty Leases Multifamily Property To Delice & Sarrasin In West Village, Manhattan
178 W Houston St New York, NY 10014, USA
$128
$128/SF
Building Size
1,400 SF
Asset Type
MultiFamily
Closing
Jun 13, 2023
About this deal
AI
The West Village in Manhattan has witnessed a recent transaction involving a multifamily property. Located at 178 West Houston Street, this property has caught the attention of both landlords and tenants in the market. West Houston Realty, as the landlord, has successfully leased the space to Delice & Sarrasin, a prominent tenant in the area.
Summary of transaction details
- Property Type: Multifamily
- Address: 178 West Houston Street
- Market: West Village, Manhattan
- Landlord: West Houston Realty
- Tenant: Delice & Sarrasin
- Brokers: Aaron Aziz and Joshua Sarraf - Avenue Realty Advisors
- Asking Rent: $128 per square foot
- Square Footage: 1,400
The deal was successfully facilitated by Aaron Aziz and Joshua Sarraf, representatives from Avenue Realty Advisors. Their expertise in the market played a vital role in ensuring a smooth transaction. With an asking rent of $128 per square foot and a total space of 1,400 square feet, both the landlord and tenant were able to reach a mutually beneficial agreement.
Players
Crockett 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
123929.69%
Cash-on-Cash
-35419.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93