Lush Cosmetics Leases 2600 Square Feet At Hotel Belleclaire In New York With Triumph Hotels
Hotel Belleclaire, New York, NY, 10024
Building Size
2,600 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at Hotel Belleclaire, New York, NY, 10024, within the New York market. The total square footage of the lease is 2,600 square feet.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: Lush Cosmetics
- Landlord: Triumph Hotels
- Tenant's Representative: Matthew Krell-Alvarez & Marsal Property Solutions
- Landlord's Representative: David Abrams
Key individuals involved in this transaction include Matthew Krell-Alvarez & Marsal Property Solutions representing Lush Cosmetics as the tenant, while David Abrams is the landlord's representative for Triumph Hotels in this lease agreement.
Players
New York CRE Market Snapshot
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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