Café Metro Signs Lease At 169 W 71st St New York With Landlord The Brodsky Organization
169 W 71st St, New York, NY, 10023
Building Size
2,150 SF
Asset Type
Retail
Closing
May 21, 2019
AI
The property asset involved in this transaction is located at 169 W 71st St, New York, NY, 10023. It comprises a total of 2,150 square feet and is situated in the New York market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 169 W 71st St, New York, NY, 10023
- Square Feet: 2,150
- Landlord: The Brodsky Organization
- Tenant: Café Metro
- Landlord's Representative: Charles Rapuano - Winick Realty Group
The transaction involved the repurposing of the property by Café Metro, which is the tenant occupying the leased space, under the representation of Charles Rapuano from Winick Realty Group, who is acting on behalf of The Brodsky Organization as the landlord.
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