Patterns & Dots Leases 4500 Square Feet At 48 W 14th St New York From CB Developers
48 W 14th St, New York, NY, 10011
Building Size
4,500 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is a lease situated at 48 W 14th St, New York, NY, 10011. The market for this property is New York, and it encompasses a total area of 4,500 square feet. The landlord for this leasing agreement is CB Developers.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 48 W 14th St, New York, NY, 10011
- Square Feet: 4500
- Landlord: CB Developers
- Tenant: Patterns & Dots
- Landlord's Representative: Lon Rubackin, CBRE
Patterns & Dots is the tenant in this agreement, leasing the space to operate within. Lon Rubackin from CBRE represents the interests of CB Developers 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