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
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