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
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