RAB Lighting Inc. Leases Retail Space At 408 W 14th St, New York
408 W 14th St, New York, NY, 10014
Building Size
11,300 SF
Asset Type
Retail
Closing
Aug 2, 2018
About this deal
AI
The property at 408 W 14th St, New York, NY, 10014, involves a retail asset comprising 11,300 square feet. The lease was completed on 08/02/2018 in New York's market. The landlord, Winter Organization, was represented by Richard Johnson from Odyssey Retail Advisors. The tenant is RAB Lighting Inc.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Landlord's Representative: Richard Johnson (Odyssey Retail Advisors)
- Tenant: RAB Lighting Inc.
The deal at 408 W 14th St was facilitated by Newmark Knight Frank (NKF). The ownership was represented by a team from NKF including Managing Director Anthony Sciacca, Executive Managing Director Robert Silver, and Associate Richard Johns. On the other side, Joe LaRosa of ABS Partners Real Estate represented the tenant, RAB Lighting Inc.
On the Map
Retail
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Players
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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