Updated Oct 29, 2024
Killar Karts Leases Multifamily Space At 49 West 28th Street In NoMad, NYC
49 West 28th Street, Manhattan, New York, NY, USA
Building Size
1,700 SF
Asset Type
MultiFamily
Closing
Aug 25, 2020
About this deal
AI
The second-floor space at 49 West 28th Street in NoMad has been leased to Killar Karts, a multifamily property. The deal was facilitated by James Famularo and Kevin Bisconti from Meridian Capital Group, who represented the tenant. The transaction was completed on August 26, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Asking Rent: $141/ft. (~SF: 1,700)
- Address: 49 West 28th Street (Second Floor)
- Market: NoMad
The landlord for this lease is Time Century Holdings LLC, owned by Yair Levy. The lease agreement was secured by the tenant, Killar Karts, with the assistance of James Famularo and Kevin Bisconti from Meridian Capital Group.
On the Map
MultiFamily
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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