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408 W 14th St, New York, NY...

RAB Lighting Inc. Leases Retail Space At 408 W 14th St, New York
LEASEDRetail

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

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.

Players

Richard Johnson

Odyssey Retail Advisors

Broker

$30M

vol

6 deals

Broker
WO
Winter OrganizationLandlord

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