Red Seat Ventures Leases 4600 Square Feet At 129 W 29th St New York With Joe McLaughlin As Representative
129 W 29th St, New York, NY, 10001
Building Size
4,600 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property involved in this lease transaction is located at 129 W 29th St, New York, NY, 10001. The space encompasses a total of 4,600 square feet. This transaction takes place in the New York market and involves a leasing arrangement.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 129 W 29th St, New York, NY, 10001
- Square Feet: 4600
- Tenant: Red Seat Ventures
- Landlord: Cleopatra Resources
- Tenant's Rep: Jack Cohen
- Landlord's Rep: Joe McLaughlin - Capstone Realty Advisors
The key individuals involved include the tenant Red Seat Ventures, represented by Jack Cohen, and the landlord Cleopatra Resources, represented by Joe McLaughlin from Capstone Realty Advisors. The representation highlights the collaboration between the parties to finalize this lease agreement.
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