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200 W 26th St, New York, NY...

Bank Of America Leases 3500 Square Feet At 200 W 26th St New York For $215 SF
LEASEDRetail

Bank Of America Leases 3500 Square Feet At 200 W 26th St New York For $215 SF

200 W 26th St, New York, NY, 10001

$215

$215/SF

Building Size

3,500 SF

Asset Type

Retail

Closing

Jul 29, 2016

AI

The lease transaction involves a commercial property located at 200 W 26th St, New York, NY, 10001. The property is situated in the New York market, covering a total area of 3,500 square feet. The agreed rent for the space is $215 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 200 W 26th St, New York, NY, 10001
  • Market: New York
  • Tenant: Bank of America
  • Landlord: TF Cornerstone
  • Tenant's Representative: David LaPierre (CBRE)
  • Landlord's Representative: Aaron Fishbein (Winick Realty Group)

Key individuals in this transaction include David LaPierre, representing the tenant Bank of America through CBRE, and Aaron Fishbein, representing the landlord TF Cornerstone via Winick Realty Group. These representatives played crucial roles in facilitating the lease agreement between the involved parties.

Players

David LaPierre

CBRE

Broker

2 deals

Broker
Bank of America
Bank of AmericaLender
TF Cornerstone
TF CornerstoneLandlord
Bank of America
Bank of AmericaTenant

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

73781.40%

Cash-on-Cash

-21086.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93