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

Spaces Leases 33192 Square Feet At 413 W 14th St New York From Rockpoint Group
LEASEDRetail

Spaces Leases 33192 Square Feet At 413 W 14th St New York From Rockpoint Group

413 W 14th St, New York, NY, 10014

Building Size

33,192 SF

Asset Type

Retail

Closing

Oct 4, 2018

AI

The property involved in the transaction is located at 413 W 14th St, New York, NY, 10014. It is situated in the New York market and has a total square footage of 33,192 square feet. The landlord for this lease transaction is Rockpoint Group, while the tenant is Spaces.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 413 W 14th St, New York, NY, 10014
  • Market: New York
  • Square Feet: 33,192
  • Tenant: Spaces
  • Landlord: Rockpoint Group
  • Tenant's Representatives: Kirill Azovtsev and James "Jim" Wenk from Savills

The deal was facilitated with the involvement of representatives Kirill Azovtsev and James "Jim" Wenk from Savills, who represented the tenant, Spaces, in this leasing transaction. The agreement reflects the strategic interests of both the landlord, Rockpoint Group, and the tenant.

Players

Kirill Azovtsev

Savills

Broker

$10.3M

vol

29 deals

Broker
CBRE
CBREBrokerage
Rockpoint Group
Rockpoint GroupLender
Rockpoint Group
Rockpoint GroupLandlord

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