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32 11 Broadway

Duomo 51 NYC Leases 2800 SF Multifamily At 32 11 Broadway With John Roesch And Josh Sarraf
LEASEDMultiFamily

Duomo 51 NYC Leases 2800 SF Multifamily At 32 11 Broadway With John Roesch And Josh Sarraf

32 11 Broadway

$1

$1/SF

Building Size

2,800 SF

Asset Type

MultiFamily

Closing

Mar 5, 2025

AI

The property asset involved in the transaction is a MultiFamily unit located at 32 11 Broadway in the Astoria market. The rental rate is set at $1 per square foot, and the total area of the property is 2,800 square feet.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: Not specified
  • Address: 32 11 Broadway
  • Market: Astoria
  • Rent/SF: $1
  • Square Feet: 2800.0
  • Tenant: Duomo 51 NYC
  • Landlord: Derrek Vernon
  • Tenant's Rep: Josh Sarraf (ARA)
  • Landlord's Rep: John Roesch (Meridian Capital Group)

This transaction highlights the involvement of key representatives in the leasing process. Josh Sarraf, representing Duomo 51 NYC, and John Roesch, representing landlord Derrek Vernon, facilitated the lease arrangement, ensuring that both parties' interests were effectively addressed.

Players

John Roesch

Meridian Capital Group

Broker

97 deals

Broker

Astoria 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

15863000.00%

Cash-on-Cash

-4533694.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93