LEASEDMultiFamily
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
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