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
Astoria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
Loading comparables…
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