Leap Inc. Leases Retail Space At 147 Metropolitan Ave, New York From David Kubresi
147 Metropolitan Ave, New York, NY, 1...
Building Size
3,500 SF
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
The retail property located at 147 Metropolitan Ave, New York, NY, boasts 3500 square feet in the vibrant market of New York. The lease transaction involved the Tenant, Leap Inc., represented by Scott Sher and Scott Sherwood, with the Landlord, David Kubresi.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant's Representative: Scott Sher, Scott Sherwood
- Tenant: Leap Inc.
- Landlord: David Kubresi
- Address: 147 Metropolitan Ave, New York, NY
- Market: New York
- Square Feet: 3500
The involvement of Scott Sher and Scott Sherwood as the tenant's representatives, along with David Kubresi as the landlord, highlights the key individuals and companies in this lease deal.
On the Map
Retail
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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