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
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