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140 West St, New York, NY, ...

TJX Companies Leases Retail Space At 140 West St, New York
LEASEDRetail

TJX Companies Leases Retail Space At 140 West St, New York

140 West St, New York, NY, 10007

Building Size

68,400 SF

Asset Type

Retail

Closing

Jan 17, 2017

AI

The property located at 140 West St, New York, NY, 10007, is a retail asset spanning 68,400 square feet. The lease for this property was finalized on January 17, 2017, in the New York market. The tenant, TJX Companies, secured this space from the landlord, CIM Group. The tenant's representation was handled by Peter Ripka from Ripco.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Tenant: TJX Companies
  • Landlord: CIM Group
  • Square Feet: 68,400
  • Tenant's Rep: Peter Ripka(Ripco)

In addition to TJX Companies as the tenant and CIM Group as the landlord, Richard Skulnick was also involved in the deal. While the monetary value of the transaction was not disclosed, the presence of these key individuals and companies signifies a significant lease agreement in the bustling New York retail market.

Players

Peter Ripka

Ripco

Broker

8 deals

Broker
CIM Group
CIM GroupLandlord

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