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1101 Avenue of the Americas...

Starbucks Leases Retail Space At 1101 Avenue Of The Americas, New York
LEASEDRetail

Starbucks Leases Retail Space At 1101 Avenue Of The Americas, New York

1101 Avenue of the Americas, New Yo...

Building Size

1,192 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

The property located at 1101 Avenue of the Americas, New York, is a retail asset comprising 1,192 square feet. The landlord, Durst Organization, facilitated a lease transaction with Starbucks as the tenant. Rocco Romeo from The Durst Organization represented the landlord in the deal.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 1101 Avenue of the Americas, New York
  • Tenant: Starbucks
  • Landlord: Durst Organization
  • Square Feet: 1192
  • Landlord's Representative: Rocco Romeo (The Durst Organization)

The lease agreement for this retail property at 1101 Avenue of the Americas was successfully brokered with Starbucks, under the representation of Rocco Romeo from The Durst Organization, acting as the landlord's representative.

Players

Rocco Romeo

Durst Organization

Broker

12 deals

Broker
Durst Organization
Durst OrganizationBrokerage
Durst Organization
Durst OrganizationLandlord
Starbucks
StarbucksTenant

Market Retail Market Snapshot

Boundary boundary · Retail · 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