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
New York Retail Market Snapshot
Boundary boundary · Retail · 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