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2733 E 12th St

Yaakov Azrad Leases Office Space At 2733 E 12th St In New York
LEASEDOffice

Yaakov Azrad Leases Office Space At 2733 E 12th St In New York

2733 E 12th St

$44

$44/SF

Building Size

7,000 SF

Asset Type

Office

Closing

Mar 2, 2023

AI

An office space located at 2733 E 12th St in New York has been leased. The property, spanning 7,000 square feet, was leased by Yaakov Azrad. The lease was facilitated by Michael Gammal and Michael Kameo from Swift Retail Advisors. The asking rent for the space was $44 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Lease
  • Address: 2733 E 12th St
  • Market: New York

The lease was completed by Yaakov Azrad, who will serve as the landlord for the property. Michael Gammal and Michael Kameo, representing Swift Retail Advisors, acted as the brokers in the deal.

Players

Michael Gammal

Swift Real Estate Advisors

Broker

$1.6M

vol

17 deals

Broker
Yaakov Azrad

Yaakov Azrad

Landlord

1 deal

Landlord

Market Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

360522.73%

Cash-on-Cash

-103038.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93