Updated Oct 29, 2024
Adam Malul Leases Multifamily Building At 1985 Honeywell Ave In NYC
1985 Honeywell Ave Bronx, NY 10460, USA
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
May 28, 2023
About this deal
AI
A new construction building located at 1985 Honeywell Avenue in New York City has been leased under the 421a program. The multifamily property consists of 33 family units and spans a total of 20,000 square feet. The lease term for this fully leased building has been successfully completed.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: N/A
- Asking Rent: $50/ft ~ SF: 20,000
- Landlord: Paul Durgaj
- Tenant: Hpd Nycha
The leasing process was facilitated by Adam Malul from Adam Malul's agency. As a representative of the landlord, Adam Malul successfully rented out this brand new construction project. For any similar projects or properties requiring assistance, please feel free to contact Adam Malul @adammalulnyc. His expertise and support will be gladly provided.
On the Map
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
Loading comparables…
Deal FAQ
Visit Adam Malul to view all their deals.
Browse New York multifamily leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93