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40 Exchange Pl, New York, N...

January Digital Leases 4,554 SF Retail Space At 40 Exchange Pl, New York
LEASEDRetail

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

Stephan Steiner

Savills

Broker

$10.7M

vol

3 deals

Broker
Northwind Group
Northwind GroupLender
Northwind Group
Northwind GroupLandlord

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