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408 W Broadway, New York, N...

Elise Meyer Inc. Leases 5770 SF Retail Space To Mackenzie-Childs In New York
LEASEDRetail

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:

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

Sarah Shannon

Sinvin Real Estate

Broker

8 deals

Broker

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