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23 Avenue A New York, NY 10...

Kushner Family Leases Multifamily Property To Gleasons At 23 Avenue A In New York City
LEASEDMultiFamily

Kushner Family Leases Multifamily Property To Gleasons At 23 Avenue A In New York City

23 Avenue A New York, NY 10009, USA

$120

$120/SF

Building Size

1,200 SF

Asset Type

MultiFamily

Closing

Mar 15, 2023

AI

The leased property at 23 Avenue A in New York City has been transacted. The asset type is a multifamily property. The landlord in this transaction is the Kushner Family, while the tenant is Gleasons.

Summary of transaction details

  • Property Type: Multifamily
  • Asking Rent: $120/ft
  • Square Footage: 1,200
  • Date: 03/15/2023
  • Address: 23 Avenue A, New York City

Max Swerdloff served as the landlord's representative for the Kushner Family in this deal. On the tenant side, Tanner Zar, Tyler Zar, and Adam Lavian from Titan Group New York represented Gleasons. The successful lease transaction was facilitated by the collaboration between these strong industry professionals.

Players

Adam Lavian

Titan Group New York

Broker

58 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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93