Updated Oct 28, 2024
Bikefix Inc. Leases Multifamily Space In East Village From Steven Croman
334 East 6th Street, New York City, New York 10003, United States
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Nov 23, 2021
About this deal
AI
A multifamily property located at 334 E. 6th St. in the East Village of New York City has been leased. The deal was finalized on November 23, 2021, between the landlord, Steven Croman, and the tenant, Bikefix Inc. The property is comprised of multiple residential units and falls under the asset type of multifamily.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: November 23, 2021
- Address: 334 E. 6th St.
- Market: East Village
The deal was facilitated by the brokers, Ben Biberaj and Elliot Wygoda, from Meridian Retail Leasing. They represented both the landlord, Steven Croman, and the tenant, Bikefix Inc. The asking rent for the property was $100 per square foot, with a total space of 1,000 square feet.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93