Friedman Roth Retail Represents Landlord In Manhattan Valley Retail Lease Deal
976 Amsterdam Ave, Manhattan, New York, NY, USA
Building Size
2,300 SF
Asset Type
Retail
Closing
Aug 26, 2021
AI
976 Amsterdam Ave., located in Manhattan Valley, has recently been leased. The retail property, spanning 2,300 square feet, was represented by Skyler Gironda and Anthony Rosato from Friedman Roth Retail. The asking rent for the space was $95 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 976 Amsterdam Ave.
- Market: Manhattan Valley
Skyler Gironda and Anthony Rosato from Friedman Roth Retail played the role of the landlord's representatives in this leasing transaction.
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