Douglas Elliman Signs Lease For 4500 Square Feet At 280 Metropolitan Ave New York
280 Metropolitan Ave, New York, NY, 1...
Building Size
4,500 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in this lease transaction is located at 280 Metropolitan Ave, New York, NY, encompassing a total of 4,500 square feet. The transaction occurred within the New York market and is managed by CB Development as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 280 Metropolitan Ave, New York, NY
- Market: New York
- Square Feet: 4500
- Tenant: Douglas Elliman
- Landlord: CB Development
- Tenant's Representative: Louis Puopolo - Douglas Elliman
- Landlord's Representative: Jaime Schultz - Lee & Associates
This transaction involves key representatives with Louis Puopolo acting on behalf of the tenant, Douglas Elliman, while Jaime Schultz represents the landlord, CB Development. Their involvement signifies a collaborative effort in facilitating this lease agreement within the New York market.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93