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
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