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1441 Broadway, New York, NY...

Jay Suites Leases Retail Space At 1441 Broadway, New York From L.H. Charney & Associates
LEASEDRetail

Jay Suites Leases Retail Space At 1441 Broadway, New York From L.H. Charney & Associates

1441 Broadway, New York, NY, 10018

Building Size

23,000 SF

Asset Type

Retail

Closing

Aug 10, 2017

AI

The retail property located at 1441 Broadway, New York, NY, 10018, spans 23,000 square feet and was involved in a lease transaction on 08/10/2017 in the New York market. The landlord's representatives for this deal were Richard Doolittle from MHP Real Estate Services and Steven Robinson from JLL. The tenant involved in this transaction was Jay Suites, leasing the space from the landlord L.H. Charney & Associates.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 1441 Broadway, New York, NY, 10018
  • Market: New York
  • Landlord's Rep: Richard Doolittle(MHP Real Estate Services), Steven Robinson(JLL)
  • Tenant: Jay Suites
  • Landlord: L.H. Charney & Associates
  • Square Feet: 23,000

The collaboration between the landlord's representatives, Richard Doolittle from MHP Real Estate Services and Steven Robinson from JLL, played a pivotal role in facilitating the lease agreement between the tenant, Jay Suites, and the landlord, L.H. Charney & Associates at the prime retail location in New York. The successful transaction exemplified the expertise and negotiation skills of the individuals involved in securing the deal.

Players

Richard Doolittle

MHP Real Estate Services

Broker

2 deals

Broker

L.H. Charney

Charney Associates

Landlord

$352.1M

vol

8 deals

Landlord
JS
Jay SuitesTenant

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