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60 E Broadway, New York, NY...

Whole Foods Leases 44000 Square Feet At 60 E Broadway New York From Macklowe Properties
LEASEDMultiFamily

Whole Foods Leases 44000 Square Feet At 60 E Broadway New York From Macklowe Properties

60 E Broadway, New York, NY, 10002

Building Size

44,000 SF

Asset Type

MultiFamily

Closing

Jul 27, 2016

AI

The property asset involved in this lease transaction is located at 60 E Broadway, New York, NY, 10002. This asset encompasses a total square footage of 44,000. The market for this transaction is New York. The landlord of the property is Macklowe Properties.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 60 E Broadway, New York, NY, 10002
  • Market: New York
  • Square Feet: 44,000
  • Tenant: Whole Foods
  • Landlord: Macklowe Properties
  • Tenant's Rep: Chase Welles, Jacqueline Klinger (TSCG (The Shopping Center Group))

This lease transaction involves key stakeholders including Whole Foods as the tenant and Macklowe Properties as the landlord. The tenant is represented by Chase Welles and Jacqueline Klinger from The Shopping Center Group. Their involvement highlights the professional representation engaged in this lease agreement.

Players

Chase Welles

RealSource Group

Broker

3 deals

Broker
MP
Macklowe PropertiesLandlord
WF
Whole FoodsTenant

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