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453 2nd Avenue

DM Platinum Leases SFR At 453 2nd Avenue In Kips Bay For $125/ft
LEASEDSingle Family Residence

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

Sachin Surujpaul
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Sachin Surujpaul

JRS Realty Management

Broker

$25.3M

vol

14 deals

Broker

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