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400 E 62nd St, New York, NY...

Cinemex Leases 50000 Square Feet At 400 E 62nd St New York From Edison Properties
LEASEDRetail

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

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.

Players

Marc Frankel

Newmark

Broker

12 deals

Broker
CBRE
CBREBrokerage

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