Albert’s Signs Lease For 7500 Square Feet At 140 E 41st St New York With Cohen Brothers Realty
140 E 41st St, New York, NY, 10017
Building Size
7,500 SF
Asset Type
Retail
Closing
Aug 30, 2021
AI
The property involved in the transaction is located at 140 E 41st St, New York, NY, 10017, within the New York market. The leased space encompasses 7500 square feet, suitable for the tenant's operational needs.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Albert’s
- Landlord: Cohen Brothers Realty Corporation
- Tenant's Rep: Jansen Hafen, Jay Gilbert
- Landlord's Rep: Jason Pruger - Newmark
The transaction features representatives from both sides, with Jansen Hafen and Jay Gilbert acting on behalf of the tenant, Albert’s, while Jason Pruger from Newmark represents the landlord, Cohen Brothers Realty Corporation, in 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