Updated Oct 29, 2024
Nazarian Property Group Leases 2200 Square Feet At 192 1st Ave New York To Tenant
192 1st Ave, New York, NY, 10009
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Nov 20, 2023
About this deal
AI
A lease transaction has occurred for a property located at 192 1st Ave, New York, NY, 10009. The property encompasses a total area of 2,200 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 192 1st Ave, New York, NY, 10009
- Market: New York
- Landlord: Nazarian Property Group
- Landlord's Representative: Max Swerdloff, James Famularo - Meridian Capital Group
The transaction involves the representation of Nazarian Property Group by Max Swerdloff and James Famularo from Meridian Capital Group, emphasizing the roles of the brokerage in facilitating this lease agreement.
On the Map
MultiFamily
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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