Rice Thief Leases Space At 95 2nd Avenue In East Village, Manhattan
95 2nd Avenue
$160
$160/SF
Building Size
1,500 SF
Asset Type
MultiFamily
Closing
Dec 21, 2023
AI
The multifamily property located at 95 2nd Avenue in East Village, Manhattan has recently been leased. The landlord, Paul Lyons of Helm Management, secured Rice Thief as the tenant for this property. The deal was facilitated by James Famularo and Bobby Ortense of Meridian Capital Group, who represented the landlord. Lip Fei Jiang of Chibeca Real Estate acted as the tenant's representative in the transaction. The lease was signed on 21st December 2023.
Summary of transaction details
- Property Type: Multifamily
- Asking Rent: $160/ft
- Square Footage: 1,500
- Address: 95 2nd Avenue
- Market: East Village, Manhattan
This lease transaction highlights the involvement of key individuals and companies in the deal. The landlord's representatives, James Famularo and Bobby Ortense of Meridian Capital Group, played an instrumental role in securing the lease for Paul Lyons of Helm Management. On the other side, Lip Fei Jiang of Chibeca Real Estate represented Rice Thief as their tenant's representative. The successful lease of the property signifies the efforts put in by the involved parties to reach a mutually beneficial 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
99143.75%
Cash-on-Cash
-28335.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93