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129 W 29th St, New York, NY...

Red Seat Ventures Leases 4600 Square Feet At 129 W 29th St New York With Joe McLaughlin As Representative
LEASEDRetail

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

Joe McLaughlin

Capstone Realty Advisors

Broker

4 deals

Broker

Jack Cohen

Comjem Associates

Broker

$264.7M

vol

11 deals

Broker

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