Darby Financial Leases 1742 Square Feet From Fareri Associates At 3000 Westchester Ave
3000 Westchester Ave, Purchase, NY...
Building Size
1,742 SF
Asset Type
Office
Closing
Nov 22, 2023
About this deal
AI
The property asset involved in this transaction is located at 3000 Westchester Ave, Purchase, NY. It comprises 1,742 square feet and falls within the Purchase market. The transaction is between Darby Financial, the tenant, and Fareri Associates, the landlord.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 3000 Westchester Ave, Purchase, NY
- Tenant: Darby Financial
- Landlord: Fareri Associates
- Square Feet: 1,742
- Tenant's Representative: Michael McCall (CBRE)
Michael McCall from CBRE represents Darby Financial in this lease transaction. Fareri Associates is the landlord involved in this agreement, overseeing the leasing arrangements with the tenant.
On the Map
Office
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Players
Purchase 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