facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Lease

/

1110 2nd Ave, New York, NY,...

Urbangreen Furniture Leases 2000 Square Feet At 1110 2nd Ave New York With Douglas Elliman
LEASEDRetail

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

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.

Players

Chris Dana

Douglas Elliman

Broker

2 deals

Broker
Christie's International Real Estate
Christie's International Real EstateBrokerage

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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