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178 W Houston St New York, ...

Updated Oct 29, 2024

West Houston Realty Leases Multifamily Property To Delice & Sarrasin In West Village, Manhattan
LEASEDMultiFamily

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

Aaron Aziz

ARA

Broker

47 deals

Broker

Crockett MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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Deal FAQ

About $128 per square foot on a published $128 for 1,400 square feet (2023).

Visit Aaron Aziz to view all their deals.

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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

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