Uncle Tetsu Leases 1000 Square Feet At 135 W 41st St Represented By Sumitomo Real Estate
135 W 41st St, New York, NY, 10036
Building Size
1,000 SF
Asset Type
Retail
Closing
Jan 23, 2019
AI
The property involved in this lease transaction is located at 135 W 41st St, New York, NY, 10036. The total square footage of the leased space is 1,000 square feet. This transaction falls within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 135 W 41st St, New York, NY, 10036
- Square Feet: 1000
- Tenant: Uncle Tetsu
- Landlord: Tribeca Associates
- Tenant's Representative: Maki Yammoto & Hiroshi Nagata - Sumitomo Real Estate
- Landlord's Representative: Jp Sutro & Mark Kapnick - Lee & Associates
The lease agreement involved Uncle Tetsu as the tenant, represented by Maki Yammoto and Hiroshi Nagata from Sumitomo Real Estate. Tribeca Associates acted as the landlord and was represented by Jp Sutro and Mark Kapnick from Lee & Associates.
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