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124 W 24th St, New York, NY...

Thor Equities Leases 11000 SF Retail Space At 124 W 24th St New York At $90/SF
LEASED

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

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.

Players

Michael Worthman

Asur Airports

Broker

5 deals

Broker
Thor Equities
Thor EquitiesLandlord

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