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261 W 21st St, New York, NY...

Raúl Àvila Leases 3500 Square Feet At 261 W 21st St New York With Tenant's Rep Elizabeth Kum
LEASEDRetail

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

Francesco Bardazzi

Broker

$23M

vol

2 deals

Broker
Current Real Estate Advisors
Current Real Estate AdvisorsBrokerage
Empire Management
Empire ManagementLandlord

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