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280 Saint Nicholas Ave, New...

Thor Equities Leases 15000 Square Feet At 280 Saint Nicholas Ave New York For $150/SF
LEASED

Thor Equities Leases 15000 Square Feet At 280 Saint Nicholas Ave New York For $150/SF

280 Saint Nicholas Ave, New York, NY...

$150

$150/SF

Building Size

15,000 SF

Asset Type

Closing

Nov 22, 2023

AI

The property asset involved in this transaction is situated at 280 Saint Nicholas Ave, New York, NY. It is a lease in the New York market with a rental rate of $150 per square foot. The total square footage of the property is 15,000 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 280 Saint Nicholas Ave, New York, NY
  • Market: New York
  • Landlord: Thor Equities
  • Landlord's Representative: Michael Worthman (Thor Equities)
  • Rent/SF: $150
  • Square Feet: 15,000

The deal features landlord Thor Equities represented by Michael Worthman, who played a key role in facilitating the transaction. Further details on the tenant have not been specified in this transaction.

Players

Michael Worthman

Asur Airports

Broker

5 deals

Broker
Thor Equities
Thor EquitiesLandlord

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

105753.33%

Cash-on-Cash

-30224.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93