Artisanal Fromagerie Bistro Leases 11000 SF At 387 Park Ave S From TF Cornerstone
387 Park Ave S, New York, NY, 10016
$250
$250/SF
Building Size
11,000 SF
Asset Type
Retail
Closing
Nov 16, 2015
About this deal
AI
387 Park Ave S, New York, NY, 10016 is a leased property measuring 11,000 square feet within the New York market. The rent is set at $250 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Artisanal Fromagerie Bistro
- Landlord: TF Cornerstone
- Tenant's Representative: Jeff Lagowitz - Savills Studley
TF Cornerstone is the landlord for this lease transaction while Jeff Lagowitz from Savills Studley represents the tenant, Artisanal Fromagerie Bistro, in the agreement. Their roles are critical in facilitating this lease arrangement.
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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93