Bambu Leases Multifamily Space At 38 East 23rd Street In Flatiron
38 East 23rd Street, Manhattan, New York, NY, USA
Building Size
800 SF
Asset Type
MultiFamily
Closing
Dec 30, 2020
AI
The multifamily property located at 38 East 23rd Street in the Flatiron market has recently been leased. The tenant, Bambu, will be occupying the space, while Solil will act as the landlord. The lease transaction was facilitated by @JackHanon and @Kassin_Sabbagh_Realty from the brokerage side.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 12/31/2020
- Address: 38 East 23rd Street
- Market: Flatiron
The asking rent for the leased space is $275 per square foot, with a total square footage of 800. Unfortunately, no other additional details are available regarding the lease transaction.
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