AMP Entertainment Signs Lease For Single Family At 75 Warren Street In Tribeca For $80,000 Monthly
75 Warren Street
$80,000
$80,000/SF
Building Size
10,000 SF
Asset Type
Single Family Residence
Closing
Jul 29, 2024
AI
The property asset involved in this transaction is a single-family dwelling located at 75 Warren Street in the Tribeca market. The asset comprises 10,000 square feet and was leased under a single net lease agreement. The asking rent was set at $95 per square foot, leading to a monthly rent of $80,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $80,000 monthly rent
- Address: 75 Warren Street
- Market: Tribeca
- Square Footage: 10,000
- Tenant: AMP Entertainment
- Tenant's Representatives: Cyrus Eyn - R New York
- Lease Type: Single Net Lease
Key individuals involved in the deal include tenants Kai Cenat, Escanio Pena, Christopher Dumbo, Dennis Denzel, Din Mukhtar, and David Doods, representing AMP Entertainment. Cyrus Eyn, with 25 years of experience, facilitated the transaction and specializes in off-market rentals and sales.
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
198.29%
Cash-on-Cash
-56.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93