Indochino Leases 3755 Square Feet At 44 Exchange Place New York With Landlord LCOR
44 Exchange Place, New York, NY, 100...
Building Size
3,755 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The lease involved a property located at 44 Exchange Place, New York, NY, comprising a total area of 3,755 square feet. This transaction took place in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 44 Exchange Place, New York, NY, 100...
- Market: New York
- Tenant: Indochino
- Landlord: LCOR
- Tenant's Representative: Fritz Kemerling - Atlantic Retail
- Landlord's Representative: Jedd Horn - Colliers International
The lease transaction saw Fritz Kemerling representing the tenant, Indochino, while Jedd Horn represented the landlord, LCOR, in this arrangement. Their involvement facilitated the successful lease of the property at the specified location.
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