Friedman-Roth Realty Secures Lease For Multifamily Property At 626 10th Avenue In New York City
626 10th Avenue
$135
$135/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Jan 2, 2023
AI
The multifamily property located at 626 10th Avenue in New York City has been leased. The landlord of the property is John Young. Representing the landlord in this transaction is Richard Guarino from Friedman-Roth Realty. Wendy Lee from Real New York acted as the tenant's representative in the deal.
Summary of transaction details:
- Property Type: Multifamily
- Asking Rent: $135 per square foot
- Square Footage: 2,000
- Address: 626 10th Avenue
- Market: New York City
This lease transaction was facilitated by Richard Guarino from Friedman-Roth Realty representing the landlord, John Young, and Wendy Lee from Real New York representing the tenant. The terms of the lease include an asking rent of $135 per square foot for a space measuring 2,000 square feet at 626 10th Avenue in New York City.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
117503.70%
Cash-on-Cash
-33582.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93