Icon Realty Management Leases 1500 Square Feet To Tenant Represented By James Famularo In New York
109 W 27th St, New York, NY, 10001
Building Size
1,500 SF
Asset Type
Retail
Closing
Nov 28, 2017
About this deal
AI
The property involved in this transaction is located at 109 W 27th St, New York, NY, encompassing a total area of 1500 square feet. This asset is positioned within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 109 W 27th St, New York, NY, 10001
- Square Feet: 1500
- Tenant's Representative: James Famularo - Meridian Capital Group
- Landlord: Icon Realty Management
James Famularo, representing Meridian Capital Group, acted on behalf of the tenant in this lease transaction. The landlord is Icon Realty Management, overseeing the property leasing process.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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