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
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