Pura Vida Miami Leases Retail Space At 11 West 42nd Street In Bryant Park
11 West 42nd Street
$1
$1/SF
Building Size
3,926 SF
Asset Type
Retail
Closing
Nov 26, 2024
AI
The asset involved in this transaction is a retail property located at 11 West 42nd Street in the Bryant Park market. The leased area measures 3,926 square feet. The landlord for this property is Tishman Speyer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Tishman Speyer
- Tenant: Pura Vida Miami
- Landlord's Representative: Lucy Phillips - Tishman Speyer
- Tenant's Representatives: Brandon Berger & Matthew Fogel - KSR
- Lease Type: Retail Lease
The deal includes key representatives from both the landlord and tenant sides. Lucy Phillips represents Tishman Speyer in this transaction, while the tenant, Pura Vida Miami, is represented by Brandon Berger and Matthew Fogel from KSR.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93