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111 Broadway, New York, NY,...

PhotoShelter Leases 23206 Square Feet At 111 Broadway New York From Capital Properties
LEASEDRetail

PhotoShelter Leases 23206 Square Feet At 111 Broadway New York From Capital Properties

111 Broadway, New York, NY, 10006

Building Size

23,206 SF

Asset Type

Retail

Closing

Feb 28, 2019

AI

The property involved in this transaction is located at 111 Broadway, New York, NY, 10006. The asset encompasses a total area of 23,206 square feet. The transaction occurred within the New York market, and the landlord for this lease is Capital Properties.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 23,206
  • Tenant: PhotoShelter
  • Landlord: Capital Properties
  • Tenant's Representative: Corey Borg-Newmark

The deal highlights Corey Borg from Newmark representing PhotoShelter, ensuring the tenant's interests were effectively communicated within the transaction. Capital Properties is the landlord engaged in this lease agreement.

Players

Corey Borg

Newmark

Broker

10 deals

Broker
CP
Capital PropertiesLandlord

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93