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306 West 14th Street

SW Management Leases 306 West 14th Street Multifamily Space To 375 Chicken N' Fries
LEASEDMultiFamily

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:

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

Isaac Abed

Momentum Realty Group

Broker

$2M

vol

12 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

Loading comparables…

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