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
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