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217 Eldridge Street

Shalom Neuman Leases Multifamily Property To Daisy Doodle At 217 Eldridge Street In Manhattan
LEASEDMultiFamily

Shalom Neuman Leases Multifamily Property To Daisy Doodle At 217 Eldridge Street In Manhattan

217 Eldridge Street

$155

$155/SF

Building Size

1,200 SF

Asset Type

MultiFamily

Closing

Dec 3, 2024

AI

The property asset involved in this transaction is a multifamily building located at 217 Eldridge Street in Manhattan. The lease type is a Modified Gross Lease with an asking rent of $155 per square foot for a total square footage of 1,200.

Summary of transaction details:

This lease transaction involved representatives who played key roles in negotiating the terms. The landlord's representation was provided by James Famularo and Kyle Fink from Meridian Capital Group, while the tenant was represented by Noam Aziz and Carson Shahrabani, whose agency details are not specified in the context.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

362 deals

Broker

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

102341.94%

Cash-on-Cash

-29249.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93