Adam Malul Leases Multifamily Building At 1985 Honeywell Ave In NYC
LEASED
$50
New York
See Similar DealsMultiFamily20,000 SF
Leased 05/28/2023
LEASED
Adam Malul Leases Multifamily Building At 1985 Honeywell Ave In NYC
1985 Honeywell Ave Bronx, NY 10460, USA
See Similar DealsMultiFamily20,000 SF
Leased 05/28/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$50
Total Square Footage:20,000 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,146,387.93
Total Lease Value
$11,463,879.31
Net Landlord Cash Flow$1,146,387.93
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