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230 Vesey St, New York, NY,...

Brookfield Property Partners Leases Retail Space At 230 Vesey St, New York
LEASEDRetail

Brookfield Property Partners Leases Retail Space At 230 Vesey St, New York

230 Vesey St, New York, NY, 10080

Building Size

2,003 SF

Asset Type

Retail

Closing

Jun 20, 2019

AI

The retail property located at 230 Vesey St, New York, NY, 10080, in the market of New York, spans a total of 2003 square feet. The landlord of this asset is Brookfield Property Partners. The lease for this property was executed on June 20, 2019.

Summary of transaction details:

The lease transaction at 230 Vesey St involved the landlord's representatives, Mark Kostic from brookfield-properties'>Brookfield Properties, and Michael Goldban. These individuals played crucial roles in facilitating the deal between the tenant and 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