Pearl River Mart Leases 7000 Square Feet At 14 Crosby St New York From 16 Crosby Street Owners Corp
14 Crosby St, New York, NY, 10013
Building Size
7,000 SF
Asset Type
Retail
Closing
Feb 24, 2021
AI
The lease at 14 Crosby St, New York, NY, 10013 involves a commercial property spanning 7000 square feet in the New York market. This transaction is between a landlord represented by 16 Crosby Street Owners Corp. and a tenant, Pearl River Mart.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 14 Crosby St, New York, NY, 10013
- Market: New York
- Square Feet: 7000
- Landlord's Representative: Greg Kim-Sequoia Property Group
- Tenant: Pearl River Mart
- Landlord: 16 Crosby Street Owners Corp.
Key individuals in this transaction include Greg Kim, representing the landlord, and the tenant, Pearl River Mart, which is entering into the lease agreement for their business operations.
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