Elise Meyer Inc. Leases 5770 SF Retail Space To Mackenzie-Childs In New York
408 W Broadway, New York, NY, 10012
Building Size
5,770 SF
Asset Type
Retail
Closing
May 17, 2018
AI
The property at 408 W Broadway, New York, NY, 10012, is a retail asset with a total space of 5770 square feet. It was leased on May 17, 2018, in New York. The landlord, Elise Meyer Inc., successfully leased the space to Mackenzie-Childs.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Mackenzie-Childs
- Tenant's Rep: Timothy Duffy (The McDevitt Company)
- Landlord: Elise Meyer Inc.
- Landlord's Reps: Sarah Shannon (Sinvin Real Estate), Susan Meisel (Meisel Real Estate)
Timothy Duffy from The McDevitt Company represented the tenant, Mackenzie-Childs, in this lease transaction. On the other side, Sarah Shannon from Sinvin Real Estate and Susan Meisel from Meisel Real Estate acted as the landlord's representatives for Elise Meyer Inc., ensuring a successful lease agreement between the parties involved.
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