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43 Essex St, New York, NY, ...

Dean Galasso Leases 4000 Square Feet At 43 Essex St New York With Landlord's Rep Max Swerdloff And James Famularo
LEASEDMultiFamily

Dean Galasso Leases 4000 Square Feet At 43 Essex St New York With Landlord's Rep Max Swerdloff And James Famularo

43 Essex St, New York, NY, 10002

Building Size

4,000 SF

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

The lease transaction involves a property located at 43 Essex St, New York, NY, 10002, totaling 4,000 square feet. The market for this property is New York. The landlord of the property is Dean Galasso.

Summary of transaction details:

This transaction features Max Swerdloff and James Famularo from Meridian Capital Group representing the landlord in the leasing of the property. Their involvement showcases the professional brokerage support provided for this transaction within the New York market.

Players

James Famularo

Meridian Capital Group

Broker

$11.4M

vol

365 deals

Broker

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