Drybar Leases 2200 Square Feet At 179 Ludlow St New York From Sutton Equity LLC
179 Ludlow St, New York, NY, 10002
$150
$150/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Aug 17, 2016
AI
The property involved in this lease transaction is located at 179 Ludlow St, New York, NY, 10002. It has a total area of 2,200 square feet and a rent of $150 per square foot, situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 179 Ludlow St, New York, NY, 10002
- Market: New York
- Landlord: Sutton Equity LLC
- Tenant: Drybar
- Landlord's Representative: Christian Stanton (Cushman & Wakefield)
This lease transaction involves notable parties including Drybar, the tenant, and Sutton Equity LLC, the landlord. Christian Stanton from Cushman & Wakefield represents the landlord in this deal, facilitating the leasing process.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93