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250 W 57th St, New York, NY...

Empire State Realty Trust Leases 46329 Square Feet To Concord At 250 W 57th St
LEASEDRetail

Empire State Realty Trust Leases 46329 Square Feet To Concord At 250 W 57th St

250 W 57th St, New York, NY, 10107

Building Size

46,329 SF

Asset Type

Retail

Closing

Jan 22, 2020

AI

The property involved in this lease transaction is located at 250 W 57th St, New York, NY, 10107. The leased area encompasses 46,329 square feet. The market for this property is New York, and it is owned by Empire State Realty Trust.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Square Feet: 46,329
  • Address: 250 W 57th St, New York, NY, 10107
  • Market: New York
  • Landlord: Empire State Realty Trust
  • Tenant: Concord
  • Landlord's Representatives: Daniel (Dan) Organ, Cushman & Wakefield; Harry Blair
  • Brokers: Keith Cody; Leslie Nadel, Empire State Realty Trust

This lease transaction involves key individuals such as Daniel (Dan) Organ and Harry Blair, representing the landlord. The tenant, Concord, is facilitated in the deal through brokers Keith Cody and Leslie Nadel, further indicating collaboration between executives in this transaction.

Players

Robert Lowe

Cushman & Wakefield

Broker

22 deals

Broker
Empire State Realty Trust
Empire State Realty TrustBrokerage
Empire State Realty Trust
Empire State Realty TrustLandlord

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