Ahmed Shauki Signs Lease For Multifamily Property At 875 1st Ave. In Manhattan
875 1st Avenue
$80
$80/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Aug 2, 2022
AI
The multifamily property located at 875 1st Ave. in Manhattan has been leased. The landlord, Nick Kalas, has entered into a lease agreement with the tenant, Ahmed Shauki.
Summary of transaction details:
- Property Type: Multifamily
- Asking Rent: $80/ft.
- Square Footage: 3,000
- Address: 875 1st Ave.
- Market: Manhattan
Alexandra Hosu and Keion Smith from Habendum Real Estate represented both the landlord and the tenant in this leasing deal.
Habendum Real Estate specializes in commercial leasing and sales, serving as representatives for landlords and tenants throughout the five boroughs. For more information, you can directly contact Alexandra Hosu at 347-476-2702 or Keion Smith at 347-661-3993.
Players
Chula Vista 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
198287.50%
Cash-on-Cash
-56671.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93