Cinemex Leases 50000 Square Feet At 400 E 62nd St New York From Edison Properties
400 E 62nd St, New York, NY, 10065
Building Size
50,000 SF
Asset Type
Retail
Closing
Nov 15, 2016
About this deal
AI
The property involved in this transaction is located at 400 E 62nd St, New York, NY, 10065. This lease transaction encompasses a total space of 50,000 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 400 E 62nd St, New York, NY, 10065
- Market: New York
- Square Feet: 50,000
- Tenant: Cinemex
- Landlord: Edison Properties
- Tenant's Representative: Marc Frankel - Newmark
- Landlord's Representative: Jesse Wolff - JLL
Marc Frankel from Newmark represented the tenant, Cinemex, while Jesse Wolff from JLL represented the landlord, Edison Properties, in this lease 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93