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:
- Property Type: Lease
- Transaction Amount: Not provided
- Address: 201 E 69th St, New York, NY, 10021
- Market: New York
- Landlord: TF Cornerstone
- Tenant: Target
- Landlord's Representative: Christian Stanton (Cushman & Wakefield)
- Square Feet: 22,600
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
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