Atto Leases 8000 Square Feet At 120 E 39th St New York From St Giles Hotels
120 E 39th St, New York, NY, 10016
Building Size
8,000 SF
Asset Type
Retail
Closing
Feb 22, 2019
About this deal
AI
The property involved in this transaction is located at 120 E 39th St, New York, NY, 10016. It encompasses a total area of 8000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 120 E 39th St, New York, NY, 10016
- Market: New York
- Landlord: St Giles Hotels
- Tenant: Atto
- Landlord's Representative: James Famularo - Meridian Capital Group
This lease transaction features Atto as the tenant, while St Giles Hotels is the landlord. The involvement of James Famularo from Meridian Capital Group as the landlord's representative plays a significant role in facilitating this deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93