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135 E 125th St, New York, N...

Modell’s Sporting Goods Leases 17500 Square Feet From Thor Equities At 135 E 125th St
LEASED

Modell’s Sporting Goods Leases 17500 Square Feet From Thor Equities At 135 E 125th St

135 E 125th St, New York, NY, 10035

Building Size

17,500 SF

Asset Type

Closing

Nov 22, 2023

AI

The property asset involved in the transaction is located at 135 E 125th St, New York, NY, 10035. It is a lease transaction representing a space with a total square footage of 17,500 in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 135 E 125th St, New York, NY, 10035
  • Square Feet: 17,500
  • Landlord: Thor Equities
  • Landlord's Representative: Michael Worthman (Thor Equities)
  • Tenant: Modell’s Sporting Goods

The key individuals involved in the deal include the landlord Thor Equities, represented by Michael Worthman, and the tenant, Modell’s Sporting Goods. This transaction signifies a lease agreement specifically pertaining to the defined address in New York.

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93