Bed Bath & Beyond Leases 51576 Square Feet At 315 Hudson St New York With Newmark
315 Hudson St, New York, NY, 10013
Building Size
51,576 SF
Asset Type
Mixed-use
Closing
Jan 17, 2017
AI
The property involved in this lease transaction is located at 315 Hudson St, New York, NY, 10013, within the New York market. It encompasses a total area of 51,576 square feet, which is the key characteristic of the asset. The tenant securing this lease is Bed Bath & Beyond.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 315 Hudson St, New York, NY, 10013
- Market: New York
- Square Feet: 51,576
- Landlord's Representatives: David Falk - Newmark, Daniel Levine - Newmark, Jason Greenstein - Newmark
- Tenant: Bed Bath & Beyond
This transaction involved representatives from Newmark for the landlord side, specifically David Falk, Daniel Levine, and Jason Greenstein, who facilitated the leasing process for the property with Bed Bath & Beyond as the tenant.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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