Pottery Barn Leases 1900 Square Feet At 11 W 19th St New York With Tenant's Rep Mark Finkelstein
11 W 19th St, New York, NY, 10011
Building Size
1,900 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 11 W 19th St, New York, NY, 10011. This lease transaction encompasses a space measuring 1900 square feet in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 11 W 19th St, New York, NY, 10011
- Market: New York
- Tenant: Pottery Barn
- Landlord: Savitt Partners
- Tenant's Representative: Mark Finkelstein (Retail Strategies)
This transaction involved the lease agreement between Savitt Partners, acting as the landlord, and Pottery Barn, with representation provided by Mark Finkelstein from Retail Strategies. The deal was facilitated in the competitive New York market.
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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