Manhattan Schoolhouse Leases 3141 Square Feet At 1608 1st Avenue New York
1608 1st Avenue, New York, NY, 10028
Building Size
3,141 SF
Asset Type
Retail
Closing
Jun 22, 2016
AI
The property asset involved in the transaction is located at 1608 1st Avenue, New York, NY, 10028, within the New York market. The leased space comprises a total of 3,141 square feet. The landlord of the property is Related Companies, and the tenant is Manhattan Schoolhouse.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1608 1st Avenue, New York, NY, 10028
- Square Feet: 3,141
- Landlord's Representative: Charles Rapuano
- Agency: Winick Realty Group
- Tenant: Manhattan Schoolhouse
- Landlord: Related Companies
In this deal, Charles Rapuano of Winick Realty Group represents the landlord, Related Companies, while Manhattan Schoolhouse occupies the leased premises. The transaction reflects the ongoing activity in the real estate market of New York.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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