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
About this deal
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.
On the Map
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