Union Square Play Leases 7000 Square Feet At 31 E 17th St In New York
31 E 17th St, New York, NY, 10003
Building Size
7,000 SF
Asset Type
Retail
Closing
Sep 17, 2018
AI
The property involved in this transaction is located at 31 E 17th St, New York, NY, 10003, situated in the New York market. The leased space encompasses 7000 square feet, accommodating the tenant, Union Square Play, under the ownership of Standard Realty Associates.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 7000
- Tenant: Union Square Play
- Landlord: Standard Realty Associates
- Tenant's Rep: Jennifer Bernstein - Current Real Estate Advisors
- Landlord's Reps: Mark Tergersen, Charles Conwell - ABS Partners Real Estate
This lease agreement was facilitated by tenant representative Jennifer Bernstein from Current Real Estate Advisors, while landlord representatives Mark Tergersen and Charles Conwell from ABS Partners Real Estate were involved in representing Standard Realty Associates in the transaction.
Players
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