Updated Mar 3, 2025
Richard Nassimi Leases SFR In Kings Point To Johnny Valentine For $40/ft. ~ SF: 5,977
Kings Point, New York, United States
Building Size
5,977 SF
Asset Type
Single Family Residence
Closing
May 15, 2022
About this deal
AI
Richard Nassimi leased a single-family home located in Kings Point to Johnny Valentine. The property, which was leased on May 16, 2022, has a total square footage of 5,977. The asking rent for the property is $40 per square foot.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Date: May 16, 2022
- Market: Kings Point
- Landlord: Richard Nassimi
- Tenant: Johnny Valentine
- Asking Rent: $40/ft
- Total Square Footage: 5,977
Richard Nassimi represented himself as the landlord in this lease agreement, while Johnny Valentine acted as the tenant. The deal showcases the collaboration between the two individuals in securing this residential property lease in Kings Point.
Players
Great Neck 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93