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140 E 41st St, New York, NY...

Albert’s Signs Lease For 7500 Square Feet At 140 E 41st St New York With Cohen Brothers Realty
LEASEDRetail

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:

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

Jason Pruger

Newmark

Broker

12 deals

Broker

Cohen Brothers

Cohen Brothers Realty

Landlord

15 deals

Landlord
United American Land
United American LandTenant

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