Adam Malul Leases Multifamily Building At 1985 Honeywell Ave In NYC
1985 Honeywell Ave Bronx, NY 10460, USA
$50
$50/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
May 28, 2023
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.
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
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93