SW Management Leases 306 West 14th Street Multifamily Space To 375 Chicken N' Fries
306 West 14th Street
$190
$190/SF
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
May 20, 2024
AI
The property asset involved in this transaction is located at 306 West 14th Street in the West Village market. This multifamily building features a total area of 1,000 square feet and was leased under a modified gross lease at an asking rent of $190 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $190/ft
- Address: 306 West 14th Street
- Market: West Village
- Lease Type: Modified Gross Lease
- Landlord: SW Management
- Tenant: 375 Chicken n' Fries
- Brokers: Ely Akiva, Nick Anderson & Isaac Abed - Tri State Commercial Realty
This transaction involved key individuals from Tri State Commercial Realty, with Ely Akiva, Nick Anderson, and Isaac Abed representing the parties in the leasing deal. The focus was on securing a tenant for the multifamily asset owned by SW Management, successfully negotiating the terms needed for 375 Chicken n' Fries to occupy the space.
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
83489.47%
Cash-on-Cash
-23861.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93