DM Platinum Leases SFR At 453 2nd Avenue In Kips Bay For $125/ft
453 2nd Avenue
$125
$125/SF
Building Size
3,350 SF
Asset Type
Single Family Residence
Closing
May 6, 2025
AI
The property involved in this lease transaction is located at 453 2nd Avenue in the Kips Bay market. It is classified as a single-family residence (SFR) with a total square footage of 3,350. The asking rent for the property was set at $125 per square foot.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $125/ft
- Square Footage: 3,350
- Landlord: SUR GROUP
- Tenant: DM Platinum
- Landlord's Representative: Sachin Surujpaul - JRS Realty Management LLC
- Tenant's Representative: Theodosis Neocli - Astoria Realty
- Lease Type: Other
- Date of Transaction: 5/7/2025
This lease agreement was facilitated by Sachin Surujpaul representing the landlord, SUR GROUP, through JRS Realty Management LLC. The tenant, DM Platinum, was represented in this deal by Theodosis Neocli from Astoria Realty. This collaboration reflects the involvement of both agencies in the negotiation process.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93