Harman Leases 11000 Square Feet At 19 W 44th St New York With Tenant's Rep Christopher Foerch
19 W 44th St, New York, NY, 10036
Building Size
11,000 SF
Asset Type
Retail
Closing
Dec 11, 2018
About this deal
AI
The property involved in this lease transaction is located at 19 W 44th St, New York, NY, with a total area of 11,000 square feet. The transaction is set within the New York market, specifically characterized by its location and size.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not provided
- Address: 19 W 44th St, New York, NY, 10036
- Market: New York
- Tenant: Harman
- Landlord: Savanna
- Tenant's Representative: Christopher Foerch - Savills
Key individuals involved in this transaction include the tenant Harman and landlord Savanna, with Christopher Foerch representing the tenant through Savills. This highlights the roles played by each party in facilitating the leasing agreement.
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