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:
- Property Type: Multifamily
- Transaction Amount: $186,000
- Address: 217 Eldridge Street
- Market: Manhattan
- Landlord: Shalom Neuman
- Tenant: Daisy Doodle
- Landlord's Representative: James Famularo & Kyle Fink - Meridian Capital Group
- Tenant's Representative: Noam Aziz & Carson Shahrabani
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
Loading comparables…
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