LEASED
Target Corporation Leases 33000 Square Feet At 660 8th Ave New York From Tishman Realty
660 8th Ave, New York, NY, 10036
Building Size
33,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property located at 660 8th Ave, New York, NY, 10036, involves a lease transaction involving 33,000 square feet in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Landlord: Tishman Realty
- Landlord's Representative: Corey Zolcinski, Erin Grace-JLL
- Tenant: Target Corporation
This transaction represents a collaboration between Tishman Realty and Target Corporation, with Corey Zolcinski and Erin Grace from JLL acting as the representatives for the landlord in this lease agreement.
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