Updated Oct 29, 2024
Olma Caviar Bar Leases 1200 Square Feet At 420 Amsterdam Ave New York From Amsterdam Partners
420 Amsterdam Ave, New York, NY, 1...
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Sep 29, 2015
About this deal
AI
A lease transaction has been finalized for a property located at 420 Amsterdam Ave, New York, NY. The leased space encompasses a total area of 1,200 square feet. The market for this asset is New York, and it is owned by Amsterdam Partners.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 420 Amsterdam Ave, New York, NY
- Market: New York
- Square Feet: 1,200
- Landlord: Amsterdam Partners
- Landlord's Rep: James Famularo - Meridian Capital Group
- Tenant: Olma Caviar Bar
- Tenant's Representative: Ravi Idnani - Eastern Consolidated
Ravi Idnani from Eastern Consolidated represented Olma Caviar Bar in this lease transaction. On the other side, James Famularo from Meridian Capital Group represented the landlord, Amsterdam Partners, facilitating this agreement.
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