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150 E 86th St, New York, NY...

Vornado Realty Trust Leases Retail Space At 150 E 86th St In New York
LEASEDRetail

Vornado Realty Trust Leases Retail Space At 150 E 86th St In New York

150 E 86th St, New York, NY, 10028

Building Size

55,614 SF

Asset Type

Retail

Closing

Jun 18, 2020

AI

The property at 150 E 86th St, New York, NY, 10028, in the Retail asset type, encompasses a total of 55,614 square feet. The lease was finalized on 06/18/2020, with Vornado Realty Trust acting as the landlord.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Tenant's Representative: Richard Skulnick()
  • Market: New York

Richard Skulnick() served as the tenant's representative in the lease agreement for the property, acting on behalf of the tenant. Vornado Realty Trust, as the landlord, facilitated the transaction in the New York market, showcasing their involvement in the deal.

Players

Richard Skulnick

Broker

15 deals

Broker
Vornado Realty Trust
Vornado Realty TrustLandlord

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