WTHN Leases 4000 Square Feet At 20 W 22nd St New York With ABS Partners Real Estate
20 W 22nd St, New York, NY, 10010
Building Size
4,000 SF
Asset Type
Retail
Closing
Nov 13, 2018
AI
The property involved in this transaction is located at 20 W 22nd St, New York, NY, 10010, within the New York market. The leased space encompasses 4,000 square feet, underlining its suitability for retail use.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: WTHN
- Landlord: ABS Partners Real Estate
- Tenant's Representative: Jacqueline Klinger - TSCG (The Shopping Center Group)
- Landlord's Representatives: Mark Tergesen, Dean Valentino - ABS Partners Real Estate
This transaction reflects a collaborative effort between various representatives. Jacqueline Klinger from TSCG represented the tenant, WTHN, while the landlord, ABS Partners Real Estate, was represented by Mark Tergesen and Dean Valentino, highlighting the professional engagement of all parties involved in facilitating the lease.
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