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
About this deal
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.
On the Map
$140
$140/SF
Retail
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Players
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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