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
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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