Club Pilates Signs Lease For 4800 Square Feet At 47 Murray St In New York
47 Murray St, New York, NY, 10007
Building Size
4,800 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property involved in the transaction is located at 47 Murray St, New York, NY, 10007, occupying a total of 4,800 square feet. The lease is situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not disclosed
- Address: 47 Murray St, New York, NY, 10007
- Square Feet: 4800
- Landlord: FCA
- Tenant: Club Pilates
- Landlord's Representative: James Famularo - Meridian Capital Group
The deal includes the tenant Club Pilates, who will occupy the leased space, while the landlord's interests are represented by James Famularo of Meridian Capital Group. This transaction reflects a typical lease arrangement in a commercially active area.
Players
New York Office Market Snapshot
Boundary boundary · Office · 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