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790 8th Ave, New York, NY, ...

High Gate Hotel Leases 2595 Square Feet To TKNP At 790 8th Ave New York
LEASED

High Gate Hotel Leases 2595 Square Feet To TKNP At 790 8th Ave New York

790 8th Ave, New York, NY, 10019

Building Size

2,595 SF

Asset Type

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 790 8th Ave, New York, NY, 10019, situated in the New York market. The space has a total area of 2,595 square feet and is leased to TKNP. The landlord for this transaction is High Gate Hotel, with Kristen Crossman from CBRE representing the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 790 8th Ave, New York, NY, 10019
  • Market: New York
  • Landlord: High Gate Hotel
  • Tenant: TKNP
  • Square Feet: 2,595
  • Landlord's Representative: Kristen Crossman (CBRE)

Key individuals in this transaction include the tenant TKNP and the landlord High Gate Hotel. Kristen Crossman played a crucial role as the representative from CBRE, facilitating the deal on behalf of the landlord.

Players

Richard Smith Soto

Broker

$43.8M

vol

8 deals

Broker

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