Congresswoman Nydia Velazquez Leases Multifamily Space In New York City
39-16 47th Street
$62
$62/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Mar 29, 2023
AI
Located at 39-16 47th Avenue in New York City, this multifamily property has recently been leased. The property is owned by Jimmy Adams and the tenant is Congresswoman Nydia Velazquez. The leasing transaction was facilitated by Parry Ermogenous of NextHome Empire.
Summary of transaction details
- Property Type: Multifamily
- Transaction Type: Lease
- Address: 39-16 47th Avenue, New York City
- Landlord: Jimmy Adams
- Tenant: Congresswoman Nydia Velazquez
- Broker: Parry Ermogenous - NextHome Empire
The leasing deal involves a space measuring approximately 1,200 square feet with an asking rent of $62 per square foot.
Players
Market 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
255854.84%
Cash-on-Cash
-73124.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93