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4 Times Sq, New York, NY, 1...

ICAP Leases Retail Space At 4 Times Sq, New York For $85/SF
LEASEDRetail

ICAP Leases Retail Space At 4 Times Sq, New York For $85/SF

4 Times Sq, New York, NY, 10036

$85

$85/SF

Building Size

82,442 SF

Asset Type

Retail

Closing

Aug 9, 2016

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:

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.

Players

Lucas Durst

Durst Organization

Broker

1 deal

Broker
Durst Organization
Durst OrganizationLandlord

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