Raúl Àvila Leases 3500 Square Feet At 261 W 21st St New York With Tenant's Rep Elizabeth Kum
261 W 21st St, New York, NY, 10011
Building Size
3,500 SF
Asset Type
Retail
Closing
Mar 15, 2018
AI
The property involved in this lease transaction is located at 261 W 21st St, New York, NY, 10011. The leased space encompasses 3,500 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 261 W 21st St, New York, NY, 10011
- Square Feet: 3,500
- Tenant: Raúl Àvila
- Tenant's Representative: Elizabeth Kum - PD Properties, Francesco Bardazzi
- Landlord: Empire Management
The transaction features Raúl Àvila as the tenant, represented by Elizabeth Kum of PD Properties and Francesco Bardazzi. The landlord in this lease is Empire Management, involved in facilitating the agreement.
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