January Digital Leases 4,554 SF Retail Space At 40 Exchange Pl, New York
40 Exchange Pl, New York, NY, 10005
Building Size
4,554 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The property at 40 Exchange Pl, New York, NY, 10005, is a retail asset consisting of 4,554 square feet. January Digital, a marketing agency, leased this space in the Financial District of New York. The landlord, Northwind Group, was represented by Allen Gurevich of Newmark Holdings, with an asking rent in the low-to-mid-$50s per square foot for prebuilt spaces.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not provided
- Tenant: January Digital
- Tenant's Rep: Stephan Steiner (Savills)
- Landlord: Northwind Group
- Square Feet: 4,554
Stephan Steiner of Savills Studley represented January Digital, while January Digital's landlord, Northwind Group, was repped by Allen Gurevich of Newmark Holdings in this lease agreement at 40 Exchange Place. The market for this property in New York attracted January Digital, marking a significant deal within the Financial District.
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