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45 E 80th St, New York, NY,...

Status Capital Leases 3000 Square Feet At 45 E 80th St To Reformation Represented By Aylin Gucalp
LEASEDCondo

Status Capital Leases 3000 Square Feet At 45 E 80th St To Reformation Represented By Aylin Gucalp

45 E 80th St, New York, NY, 10075

Building Size

3,000 SF

Asset Type

Condo

Closing

Nov 1, 2018

AI

Reformation has secured a retail lease at 45 E 80th St, New York, NY, 10075. The leased space encompasses 3,000 square feet in the New York market, providing a strategic location for their flagship store.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Landlord: Status Capital
  • Tenant: Reformation
  • Landlord's Representative: Aylin Gucalp (Cushman & Wakefield)
  • Tenant's Representative: Michael Yadgard (Maxwelle NY)

Cushman & Wakefield facilitated a 10-year lease agreement for Reformation, allowing the brand to incorporate innovative elements into their retail space. The leasing process involved Ian Lerner and Aylin Gucalp representing the landlord while Michael Yadgard represented Reformation.

Players

Michael Yadgard

Compass

Broker

$31.8M

vol

13 deals

Broker
SC
Status CapitalLandlord

New York Condo Market Snapshot

Boundary boundary · Condo · 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