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333 7th Ave, New York, NY, ...

The Bridgespan Group Leases Space From Samco Properties At 333 7th Ave New York
LEASEDRetail

The Bridgespan Group Leases Space From Samco Properties At 333 7th Ave New York

333 7th Ave, New York, NY, 10001

Building Size

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 333 7th Ave, New York, NY, 10001, within the New York market. The tenant, The Bridgespan Group, has leased space managed by landlord Samco Properties. The transaction does not specify a square footage amount.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 333 7th Ave, New York, NY, 10001
  • Market: New York
  • Tenant: The Bridgespan Group
  • Landlord: Samco Properties
  • Tenant's Representative: Mark Toubin (Cresa New York)
  • Landlord's Representative: Joshua Smith

This lease transaction highlights the involvement of Mark Toubin representing The Bridgespan Group and Joshua Smith representing Samco Properties. Their roles were crucial in facilitating the agreement between the tenant and landlord.

Players

Richard Hornblower

Coldwell Banker

Broker

$2.2M

vol

2 deals

Broker
SP
Samco PropertiesLandlord

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