Lipsitz Property Group Leases Multifamily Property On Bleecker St. In West Village
378 Bleecker Street, Manhattan, New York, NY, USA
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Oct 1, 2021
AI
The multifamily property located at 378 Bleecker St. in the West Village recently underwent a lease transaction. The landlord, Lipsitz Property Group, represented by Barry Lipsitz, entered into a lease agreement with the tenant, Maria Cher. The broker involved in the deal was Ben Sabin from Ripco. The asking rent for the space was $200 per square foot, and the total square footage of the property was 1,000 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Lease
- Address: 378 Bleecker St.
- Market: West Village
- Landlord: Lipsitz Property Group - Barry Lipsitz
- Tenant: Maria Cher
- Broker: Ben Sabin - Ripco
- Asking Rent: $200/ft.
The lease transaction at 378 Bleecker St. was facilitated by the landlord, Lipsitz Property Group, and their representative, Barry Lipsitz. The tenant, Maria Cher, secured the space through the assistance of broker Ben Sabin from Ripco. The lease was signed for a total of 1,000 square feet at an asking rent of $200 per square foot.
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