The Hershey Company Leases Space At 165 W 47th St New York Represented By George Maragos Jedd Nero
165 W 47th St, New York, NY, 10036
Building Size
—
Asset Type
Retail
Closing
Jul 20, 2016
About this deal
AI
The property involved in this lease transaction is located at 165 W 47th St, New York, NY, 10036. The transaction is set in the New York market, with the tenant being The Hershey Company and the landlord being Witkoff. The total square footage for this asset is 0.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: The Hershey Company
- Landlord: Witkoff
- Tenant's Representative: George Maragos-CBRE, Jedd Nero-Lee & Associates
The key individuals involved in this transaction include George Maragos representing The Hershey Company through CBRE, and Jedd Nero from Lee & Associates also acting in the capacity of tenant's representative. The landlord, Witkoff, manages the asset leased to the tenant.
On the Map
Retail
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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