Cask Stream USA Leases 705 SF Mixed-Use Space At 282 Grand Street In New York City
282 Grand St New York, NY 10002, USA
$153
$153/SF
Building Size
23,000 SF
Asset Type
MultiFamily
Closing
Apr 18, 2023
AI
A new lease has been signed for a mixed-use property located at 282 Grand Street in New York City. The lease was secured by Cask Stream USA for a space measuring 705 square feet. The asking rent for this lease agreement was $153 per square foot. The lease term is set for 10 years.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: Not applicable
- Address: 282 Grand Street
- Market: New York City
This lease deal involved Prosper Property Group as the landlord and Eddie Bender as the representative for the landlord. The tenant, Cask Stream USA, was represented by Takuya Murakami from Oxford Property Group. The negotiation and finalization of the lease agreement were co-brokered by Seth Kessler and Eric Wong from REAL New York Commercial.
It is worth noting that 282 Grand Street is a brand new development. The exclusive commercial spaces offered by REAL New York have been attracting growing interest, as demonstrated in this lease agreement. REAL New York Commercial is actively seeking experienced commercial brokers to join their team. Those interested in opportunities for professional growth can email their resume to [email protected].
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
103679.74%
Cash-on-Cash
-29631.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93