Breather Leases 1250 Sq Ft At 40 Exchange Pl, New York Financial District
40 Exchange Pl, New York, NY, 10005
Building Size
1,250 SF
Asset Type
—
Closing
Nov 22, 2023
AI
Located at 40 Exchange Pl, New York, NY, 10005 in the bustling market of New York, a lease transaction was finalized involving Breather. The property spans 1,250 square feet and serves as the second location for Breather in the Financial District.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Breather
- Landlord: Northwind Group
- Tenant's Rep: Ramsey Feher (CBRE)
- Square Feet: 1250
Ramsey Feher, representing Breather in the deal, collaborated with Zachary Price of CBRE Group to secure the 1,250-square-foot lease at 40 Exchange Pl. This transaction marks another establishment for Breather in the vibrant Financial District of New York.
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