ICAP Leases Retail Space At 4 Times Sq, New York For $85/SF
4 Times Sq, New York, NY, 10036
Building Size
82,442 SF
Asset Type
Retail
Closing
Aug 9, 2016
About this deal
AI
Located at 4 Times Sq, New York, NY, 10036, the leased property is a retail space spanning 82,442 square feet in the bustling market of New York. The tenant, ICAP, secured the space for a rent of $85 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant's Rep: Shannon Rzeznikiewicz(JLL)
- Landlord's Rep: Lucas Durst(Durst Organization)
- Brokers: Shannon Rzeznikiewicz(JLL)
- Tenant: ICAP
- Landlord: Durst Organization
- Rent/SF: $85
- Square Feet: 82,442
Shannon Rzeznikiewicz from JLL acted as the tenant's representative in the lease deal at 4 Times Sq, New York. On the other side, Lucas Durst from the Durst Organization represented the landlord's interests in the transaction.
On the Map
Retail
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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
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93