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240 W 35th St, New York, NY...

Café Metro Leases Retail Space At 240 W 35th St, New York
LEASEDRetail

Café Metro Leases Retail Space At 240 W 35th St, New York

240 W 35th St, New York, NY, 10001

$140

$140/SF

Building Size

5,181 SF

Asset Type

Retail

Closing

Jan 4, 2018

AI

The retail property located at 240 W 35th St, New York, NY, 10001 in the New York market has been leased to Café Metro. The lease was signed on 01/04/2018, with a rental rate of $140 per square foot for a total of 5,181 square feet. The landlord in this transaction is ATCO Properties & Management.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Tenant: Café Metro
  • Tenant's Representative: Lucas Kooyman (Newmark), Stu Morden
  • Landlord: ATCO Properties & Management
  • Rent/SF: $140
  • Square Feet: 5,181

In facilitating the lease of the retail space at 240 W 35th St, New York, NY, 10001, the tenant's representative involved in the deal was Lucas Kooyman from Newmark, alongside Stu Morden. These individuals played crucial roles in negotiating the terms of the lease on behalf of Café Metro.

Players

Stu Morden

Broker

3 deals

Broker
ATCO Properties & Management
ATCO Properties & ManagementBrokerage
ATCO Properties & Management
ATCO Properties & ManagementLandlord

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

113307.14%

Cash-on-Cash

-32383.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93