SurRam Leases 900 Square Feet Retail Space At 21 West End Ave From Dermot Company & Investors
21 West End Ave
$150
$150/SF
Building Size
900 SF
Asset Type
Retail
Closing
Jan 1, 2016
About this deal
AI
The property asset involved in this transaction is a retail space located at 21 West End Ave, New York. This lease transaction, executed on 01/01/2016, spans a total area of 900 square feet with a rent set at 150 psf.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: 135,000
- Address: 21 West End Ave
- Market: New York
- Tenant: SurRam
- Landlord: Dermot Company & Investors
- Broker 1: Thomas Caliendo - Tide Realty Group
- Broker 2: Daniel D. DePasquale
Thomas Caliendo from Tide Realty Group and Daniel D. DePasquale acted as the brokers representing the entities involved in this lease transaction, facilitating negotiations between the tenant, SurRam, and the landlord, Dermot Company & Investors.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93