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378 Bleecker Street, Manhat...

Lipsitz Property Group Leases Multifamily Property On Bleecker St. In West Village
LEASEDMultiFamily

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

Ben Sabin

Ripco

Broker

3 deals

Broker

Barry Lipsitz

Lipsitz Property Group

Landlord

$5M

vol

3 deals

Landlord

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