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
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