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201 E 69th St, New York, NY...

Target Leases 22600 Square Feet At 201 E 69th St New York From TF Cornerstone
LEASEDCommercial

Target Leases 22600 Square Feet At 201 E 69th St New York From TF Cornerstone

201 E 69th St, New York, NY, 10021

Building Size

22,600 SF

Asset Type

Commercial

Closing

Apr 3, 2018

AI

The property involved in this transaction is located at 201 E 69th St, New York, NY, 10021. It is situated in the New York market and encompasses a total of 22,600 square feet. The landlord for this lease transaction is TF Cornerstone.

Summary of transaction details:

In this lease transaction, Christian Stanton from Cushman & Wakefield represents the landlord, TF Cornerstone. The tenant involved in this deal is Target, adding a key player to this commercial leasing scenario.

Players

Christian Stanton

Cushman & Wakefield

Broker

7 deals

Broker
TF Cornerstone
TF CornerstoneLender
TF Cornerstone
TF CornerstoneLandlord

New York Commercial Market Snapshot

Boundary boundary · Commercial · 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