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282 Grand St New York, NY 1...

Cask Stream USA Leases 705 SF Mixed-Use Space At 282 Grand Street In New York City
LEASEDMultiFamily

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

Eric Wong

Real New York

Broker

7 deals

Broker

Eddie Bender

Prosper Property Group

Landlord

$28.7M

vol

3 deals

Landlord

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