facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

20 W 22nd St, New York, NY,...

WTHN Leases 4000 Square Feet At 20 W 22nd St New York With ABS Partners Real Estate
LEASEDRetail

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:

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

Mark Tergesen

ABS Partners Real Estate

Broker

$4.3M

vol

15 deals

Broker
ABS Real Estate Partners
ABS Real Estate PartnersLandlord

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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