PetSmart Leases 16000 Square Feet At 1107 Broadway New York From Savanna With Hilary Sievers As Landlord's Representative
1107 Broadway, New York, NY, 10010
Building Size
16,000 SF
Asset Type
MultiFamily
Closing
Apr 25, 2017
AI
1107 Broadway is located in New York, NY, 10010, and has a total area of 16,000 square feet. The property is part of the New York market and is currently leased to PetSmart. The landlord of the building is Savanna.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Address: 1107 Broadway, New York, NY, 10010
- Square Feet: 16,000
- Tenant: PetSmart
- Landlord: Savanna
- Tenant's Representatives: Ariel Schuster (Newmark), Brian Goodwin (Metro Commercial), Brian Segall (Newmark)
- Landlord's Representatives: Hilary Sievers (JLL)
- Broker: Amy Zhen (Cushman & Wakefield)
PetSmart was represented by RKF vice chairman Ariel Schuster and vice president Brian Segall, along with Metro Commercial's Brian Goodwin. The landlord, Savanna, was represented by JLL's Hilary Sievers and Amy Zhen. NOTE: PetSmart signed a 16K SF lease at Savanna's building at 10 Madison Square West.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · 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