Updated May 12, 2025
Clayton Traynham & James Famularo Lease Multifamily Property At 186 Avenue B In East Village
186 Avenue B, New York, NY 10009, USA
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Jul 9, 2020
About this deal
AI
The asset involved in the transaction is a multifamily property located at 186 Avenue B in the East Village market. The asking rent for the property was set at $113 per square foot, comprising a total of 1,000 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $113 SF
- Address: 186 Avenue B
- Market: East Village
- Tenant: Jose Luis Mediterranean Restaurant
- Landlord: Steven Croman – 9300 Realty
- Tenant’s Representative: Clayton Traynham
- Landlord’s Representative: Clayton Traynham & James Famularo – Meridian Retail Leasing
Key individuals involved in the deal include tenant representative Clayton Traynham, who facilitated the leasing for Jose Luis Mediterranean Restaurant, and landlord representatives Clayton Traynham and James Famularo from Meridian Retail Leasing, who represented Steven Croman of 9300 Realty in this transaction.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93