facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Lease

/

180 Varick St, New York, NY...

Civic Builders Leases 5573 Square Feet From Olmstead Properties At 180 Varick St New York
LEASED

Civic Builders Leases 5573 Square Feet From Olmstead Properties At 180 Varick St New York

180 Varick St, New York, NY, 10014

Building Size

5,573 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in the transaction is located at 180 Varick St, New York, NY, 10014. This lease spans a total of 5,573 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 5,573
  • Address: 180 Varick St, New York, NY, 10014
  • Tenant: Civic Builders
  • Landlord: Olmstead Properties
  • Tenant's Representative: Darell Handler

The leasing transaction involves Civic Builders as the tenant, with representation by Darell Handler. Olmstead Properties acts as the landlord in this transaction.

Players

Darell Handler

Handler Real Estate Services

Broker

$28M

vol

12 deals

Broker
Olmstead Properties
Olmstead PropertiesBrokerage
Olmstead Properties
Olmstead PropertiesLandlord

New York CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

Loading comparables…

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