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169 W 71st St, New York, NY...

Café Metro Signs Lease At 169 W 71st St New York With Landlord The Brodsky Organization
LEASEDRetail

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

Charles Rapuano

RTL Real Estate

Broker

13 deals

Broker
TO
The Brodsky OrganizationLandlord
CM
Café MetroTenant

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