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225 W 34th St, New York, NY...

Regus Signs Lease At 225 W 34th St, New York With Landlord 14 South Williamsport Holdings
LEASEDRetail

Regus Signs Lease At 225 W 34th St, New York With Landlord 14 South Williamsport Holdings

225 W 34th St, New York, NY, 10122

Building Size

28,341 SF

Asset Type

Retail

Closing

Jul 22, 2021

AI

The asset involved in this transaction is a retail property located at 225 W 34th St, New York, NY, with a total square footage of 28,341. The market for this property is New York, where it has been leased. The transaction took place on July 22, 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 225 W 34th St, New York, NY, 10122
  • Market: New York
  • Square Feet: 28,341
  • Landlord: 14 South Williamsport Holdings
  • Tenant: Regus
  • Landlord's Representative: Nicole Serras-Two Trees Management Company

This transaction involved key participants including the tenant Regus, which is a provider of flexible workspace solutions. The landlord, 14 South Williamsport Holdings, has interests in the retail sector represented by Nicole Serras from Two Trees Management Company.

Players

Nicole Serras

Two Trees Management

Broker

3 deals

Broker
Two Trees Management
Two Trees ManagementBrokerage

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