Updated Oct 29, 2024
MFK Group Inc Leases Retail Space At 30 East 20th Street In New York City
30 E 20th St, New York, NY 10003, USA
$160
$160/SF
Building Size
4,300 SF
Asset Type
MultiFamily
Closing
May 8, 2023
About this deal
AI
The retail space located at 30 East 20th Street in New York City has been leased in a transaction involving the landlord, David I. Berley, and the tenant, MFK Group Inc. The lease term is set for 15 years.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $160 per square foot
- Square Footage: 4,300
- Address: 30 East 20th Street, New York City
- Market: New York City
- Landlord: David I. Berley
- Tenant: MFK Group Inc
- Broker: Jessilyn Chen
- Lease Term: 15 years
Jessilyn Chen, from an undisclosed agency, represented both parties in the transaction as the broker.
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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93