Justworks Leases 59140 Square Feet At 198 12th Ave From Tommy Hilfiger For $39/SF
198 12th Ave, New York, NY, 10001
$39
$39/SF
Building Size
59,140 SF
Asset Type
Retail
Closing
Aug 22, 2017
AI
The lease transaction involves a property located at 198 12th Ave, New York, NY, 10001. This location is situated in the New York market and encompasses a total of 59,140 square feet. The rent per square foot is set at $39.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 198 12th Ave, New York, NY, 10001
- Market: New York
- Tenant: Justworks
- Landlord: Tommy Hilfiger
- Tenant's Representative: Connor Sullivan-Cushman & Wakefield
This transaction highlights the involvement of key individuals, including the tenant, Justworks, and the landlord, Tommy Hilfiger. Connor Sullivan of Cushman & Wakefield represents the tenant in this deal, facilitating the lease arrangement.
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
406743.59%
Cash-on-Cash
-116248.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93