Van Gogh Immersive Experience Leases Mixed-Use Space At Pier36NYC In East River Waterfront
Pier 36 New York, South Street, New York, NY, USA
Building Size
70,000 SF
Asset Type
Mixed-use
Closing
May 6, 2021
AI
Van Gogh Immersive Experience has leased a mixed-use space at @Pier36NYC, located in the East River Waterfront market. The property spans a total of 70,000 square feet. The deal was facilitated by brokers Alexander Riguardi and Charles Gerace from JLL. The asking rent for the space was $45 per square foot.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: Lease
- Date: 05/07/2021
- Address: @Pier36NYC
- Market: East River Waterfront
Van Gogh Immersive Experience 🧑🎨 🖼 has signed the lease agreement with landlord Bruce Radler of asketballCityNYC 🏀. The transaction was successfully executed with the assistance of brokers Alexander Riguardi and Charles Gerace from JLL.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
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