Updated Oct 29, 2024
Baldwin Denim Leases 3031 Square Feet At 197 Mott St New York From Alfa Management
197 Mott St, New York, NY, 10012
Building Size
3,031 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The lease involves a commercial property located at 197 Mott St, New York, NY, 10012. This property spans a total area of 3,031 square feet and is situated within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 197 Mott St, New York, NY, 10012
- Market: New York
- Landlord: Alfa Management
- Tenant: Baldwin Denim
- Landlord's Representative: Devon Binns - Alfa Development
The transaction involved Baldwin Denim taking on a lease with Alfa Management for the specified property. Devon Binns represented the landlord in this transaction, ensuring the interests of Alfa Management were upheld throughout 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93