Showroom Seven International Leases 15000 Square Feet At 501 10th Ave New York
501 10th Ave, New York, NY, 10036
Building Size
15,000 SF
Asset Type
Office
Closing
May 1, 2017
About this deal
AI
The property asset involved in this transaction is located at 501 10th Ave, New York, NY, 10036. It consists of 15,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Not specified
- Tenant: Showroom Seven International
- Landlord: Broadway Storage LLC
- Tenant's Representative: Craig Berman (Joseph P. Day Realty Corp)
- Landlord's Representative: Jamie "Jamison" Weiner (Pembrook Capital Management)
This lease transaction involves key players, including the tenant, Showroom Seven International, and the landlord, Broadway Storage LLC. The representatives facilitating the deal are Craig Berman from Joseph P. Day Realty Corp for the tenant and Jamie "Jamison" Weiner from Pembrook Capital Management representing the landlord.
On the Map
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · 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