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
About this deal
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
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