Updated Oct 29, 2024
City Winery Leases Commercial Space At Hudson River Greenway, New York
Hudson River Greenway, New York, NY...
Building Size
32,000 SF
Asset Type
Commercial
Closing
Nov 22, 2023
About this deal
AI
The commercial property located on Hudson River Greenway in New York, NY, spanning 32,000 square feet, was involved in a lease transaction. The deal was facilitated by City Winery as the tenant, represented by Peter Braus of Lee & Associates, and Youngwoo & Associates as the landlord.
Summary of transation details:
- Property Type: Commercial
- Transaction Amount: Not Applicable
- Tenant's Rep: Peter Braus - Lee & Associates
- Landlord's Rep: William Elder
The notable individuals in this transaction include Peter Braus from Lee & Associates, representing the tenant City Winery, and William Elder, the landlord's representative. The deal involved the renowned real estate firm Youngwoo & Associates operating in the vibrant market of New York.
On the Map
Commercial
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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