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150 Spring St, New York, NY...

Starbucks Leases 1500 Square Feet At 150 Spring St New York From FCA With John Maltz As Landlord's Representative
LEASED

Starbucks Leases 1500 Square Feet At 150 Spring St New York From FCA With John Maltz As Landlord's Representative

150 Spring St, New York, NY, 10012

Building Size

1,500 SF

Asset Type

Closing

Nov 20, 2023

AI

The lease transaction involves a space located at 150 Spring St, New York, NY, encompassing a total area of 1500 square feet. The property is situated in the New York market and is leased to Starbucks.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 150 Spring St, New York, NY, 10012
  • Square Feet: 1500
  • Landlord: FCA
  • Tenant: Starbucks
  • Landlord's Representative: John Maltz

FCA is the landlord in this transaction, while Starbucks has secured the lease for their operational needs. John Maltz represents FCA in this deal, facilitating the agreement between the parties involved.

Players

John Maltz

Broker

$39.5M

vol

2 deals

Broker
FCA
FCALandlord
Starbucks
StarbucksTenant

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