Tom Brady & Bruce Herman Lease Pizza Hut Space At 1980 Amsterdam Ave
1980 Amsterdam Avenue, New York, NY 10032
Building Size
1,100 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
AI
Howard Lev has leased the multifamily property located at 1980 Amsterdam Ave to Pizza Hut. The lease was finalized on 12/14/2021, with an asking rent of $61 per square foot for a space measuring 1,100 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
Tom Brady, from Douglas Elliman, represented the landlord, Howard Lev, in this lease transaction. Bruce Herman, from Booth Capital, acted as the tenant's representative for Pizza Hut.
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