Updated Oct 29, 2024
Altuzarra Leases 12000 Square Feet At 233 Broadway New York With Witkoff Group As Landlord
233 Broadway, New York, NY, 10279
$59
$59/SF
Building Size
12,000 SF
Asset Type
Commercial
Closing
Jun 21, 2016
About this deal
AI
The property asset involved in this transaction is located at 233 Broadway, New York, NY, 10279. This site, known as the Woolworth Building, encompasses a total of 12,000 square feet. The asking rent for the lease was set at $59 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: $59/SF
- Address: 233 Broadway, New York, NY, 10279
- Market: New York
- Tenant: Altuzarra
- Landlord: Witkoff Group
- Tenant's Representatives: Christopher Foerch (Savills), Daniel Horowitz (Savills)
- Landlord's Representative: Thomas Hettler (The Lawrence Group)
The tenant Altuzarra, a women's brand, has secured this lease with the assistance of Savills' representatives, Christopher Foerch and Daniel Horowitz. The landlord, represented by Thomas Hettler of The Lawrence Group, is a partnership that includes the Witkoff Group among other investors.
On the Map
$59
$59/SF
Commercial
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Players
New York Commercial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
268864.41%
Cash-on-Cash
-76842.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93