Updated Oct 29, 2024
Valley Design Center Leases 1,600 Sq. Ft. Multifamily Space At 221 East 60th Street On UES
221 East 60th Street, New York, NY 10022
Building Size
1,600 SF
Asset Type
MultiFamily
Closing
Nov 12, 2018
About this deal
AI
The multifamily property located at 221 East 60th Street on the Upper East Side has recently been leased. The lease transaction took place on 11/13/2018.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Address: 221 East 60th Street
- Market: UES
- Tenant: Valley Design Center
- Landlord: Shaun Ajdon
- BROKERS: Isaac R. Setton & Claude Kolb @kassin_sabbagh_realty
- Price per Square Foot: $90/ft.
- Square Footage: 1,600
The lease transaction at 221 East 60th Street involved two brokers, Isaac R. Setton and Claude Kolb, representing the Valley Design Center and Shaun Ajdon, the landlord, respectively.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93