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
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
73781.40%
Cash-on-Cash
-21086.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93