LEASEDRetail
Empire State Realty Trust Leases Retail Space To T.J. Maxx In New York
250 W 57th St, New York, NY, 10107
Building Size
47,000 SF
Asset Type
Retail
Closing
Feb 27, 2018
About this deal
AI
The retail property located at 250 W 57th St, New York, NY, 10107, has been leased to T.J. Maxx by Empire State Realty Trust. The space spans 47,000 square feet, with a rental rate of $40 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 250 W 57th St, New York, NY, 10107
- Market: New York
- Landlord's Rep: Shanae Ursini (Empire State Realty Trust (ESRT))
- Tenant: T.J. Maxx
Peter Ripka from Ripco represented T.J. Maxx in this lease deal.
On the Map
Retail
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Players
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93