Vanbarton Group Leases 5275 Square Feet To Tenant Valerie At 45 W 45th St New York
45 W 45th St, New York, NY, 10036
Building Size
5,275 SF
Asset Type
Retail
Closing
May 19, 2017
About this deal
AI
The property is located at 45 W 45th St, New York, NY, 10036, with a total area of 5,275 square feet. The transaction occurs within the New York market, indicating its competitive nature. The landlord for this lease is the Vanbarton Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 45 W 45th St, New York, NY, 10036
- Market: New York
- Landlord's Representative: David Abrams
- Tenant: Valerie
- Landlord: Vanbarton Group
- Square Feet: 5,275
This lease transaction involved key representatives, including David Abrams, who represented the landlord, Vanbarton Group, in this agreement. Tenant Valerie has secured the space as part of this leasing arrangement, contributing to the active commercial landscape of New York.
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