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200 Vesey St, New York, NY,...

Madewell Signs Lease At 200 Vesey St, New York With Landlord Brookfield Property Partners
LEASEDRetail

Madewell Signs Lease At 200 Vesey St, New York With Landlord Brookfield Property Partners

200 Vesey St, New York, NY, 10281

Building Size

2,823 SF

Asset Type

Retail

Closing

Sep 11, 2018

AI

The retail property located at 200 Vesey St, New York, NY, 10281, in the New York market, was leased on September 11, 2018. The leased space measures 2,823 square feet and was secured by the tenant Madewell. The landlord, Brookfield Property Partners, facilitated the lease transaction. Steve Merkle from Open Realty Advisors represented the tenant, while Mark Kostic from Brookfield Properties and Michael Goldban represented the landlord.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Tenant: Madewell
  • Square Feet: 2823
  • Tenant's Rep: Steve Merkle (Open Realty Advisors)
  • Landlord's Rep: Mark Kostic (Brookfield Properties), Michael Goldban

The lease of the retail space at 200 Vesey St was a successful transaction for all parties involved. With the tenant Madewell securing the 2,823 square feet location, both the tenant's representative, Steve Merkle from Open Realty Advisors, and the landlord's representatives, Mark Kostic from Brookfield Properties and Michael Goldban, played vital roles in finalizing the agreement. The prime location of the property in New York provided an excellent opportunity for Madewell, facilitated by the landlord, Brookfield Property Partners.

Players

Mark Kostic

Brookfield Properties

Broker

2 deals

Broker

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