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
About this deal
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.
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Retail
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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