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19 W 44th St, New York, NY,...

Harman Leases 11000 Square Feet At 19 W 44th St New York With Tenant's Rep Christopher Foerch
LEASEDRetail

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

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.

Players

Christopher Foerch

Savills

Broker

9 deals

Broker
KR
KBS Strategic Opportunity REITLandlord

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