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101 Avenue D

Madison Square Boys & Girls Club Leases Retail Space At 101 Avenue D From Dermot Company & Investors
SOLDRetail

Madison Square Boys & Girls Club Leases Retail Space At 101 Avenue D From Dermot Company & Investors

101 Avenue D

$5,100,000

Building Size

Asset Type

Retail

Closing

Jan 1, 2019

AI

The property asset involved in this lease transaction is a retail space located at 101 Avenue D, situated in the New York market. This asset is part of the leasing activities conducted by various stakeholders in the commercial real estate sector.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 101 Avenue D
  • Market: New York
  • Landlord: Dermot Company & Investors
  • Tenant: Madison Square Boys & Girls Club
  • Brokers: Thomas Caliendo (Tide Realty Group), Daniel D. DePasquale

The transaction features key individuals and companies, including the tenant, Madison Square Boys & Girls Club, which aims to serve the community through its facilities. The landlord, Dermot Company & Investors, participates actively in the real estate market, represented by brokers Thomas Caliendo from Tide Realty Group and Daniel D. DePasquale.

Players

Daniel DePasquale

Katz & Associates Real Estate Advisors

Broker

9 deals

Broker

The Lower Eastside Girls Club

Buyer
Buyer

The Dermot Company

Seller
Seller
DI
Dermot Company & InvestorsLandlord
MC
Madison Square Boys & Girls ClubTenant

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93