Thor Equities Leases 11000 SF Retail Space At 124 W 24th St New York At $90/SF
124 W 24th St, New York, NY, 10011
$90
$90/SF
Building Size
11,000 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The property asset involved in this transaction is located at 124 W 24th St, New York, NY, 10011. The market value is situated in New York, where the property spans 11,000 square feet with a rent rate of $90 per square foot.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 124 W 24th St, New York, NY, 10011
- Market: New York
- Landlord: Thor Equities
- Landlord's Representative: Michael Worthman (Thor Equities)
This transaction involves Michael Worthman, representing Thor Equities, indicating the company's role in facilitating the leasing process for this property. The tenant's details are not specified in the context.
On the Map
$90
$90/SF
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Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
176255.56%
Cash-on-Cash
-50374.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93