Urbangreen Furniture Leases 2000 Square Feet At 1110 2nd Ave New York With Douglas Elliman
1110 2nd Ave, New York, NY, 10022
Building Size
2,000 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
The property involved in this lease transaction is located at 1110 2nd Ave, New York, NY, 10022. It encompasses a total area of 2000 square feet situated in the vibrant New York market. This transaction involves Urbangreen Furniture as the tenant and Landmark Owners as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1110 2nd Ave, New York, NY, 10022
- Market: New York
- Square Feet: 2000
- Tenant: Urbangreen Furniture
- Landlord: Landmark Owners
- Tenant's Representative: Gary Dana - Douglas Elliman Real Estate
- Landlord's Representative: Chris Dana - Douglas Elliman
This lease transaction features key individuals such as Gary Dana representing Urbangreen Furniture and Chris Dana representing Landmark Owners, both affiliated with Douglas Elliman. Their involvement is pivotal in facilitating the terms and conditions of this lease agreement.
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Retail
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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