TJX Companies Leases Retail Space At 483 Broadway In New York
483 Broadway, New York, NY, 10013
Building Size
18,000 SF
Asset Type
Retail
Closing
Dec 1, 2017
AI
The property at 483 Broadway, New York, NY, 10013, is a retail asset with a total square footage of 18,000. The lease for this property was finalized on December 01, 2017, in the New York market. The tenant, TJX Companies operating as T.J. Maxx, secured this space from the landlord, the Adjmi family. Richard Skulnick acted as the tenant's representative in this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Provided
- Tenant: TJX Companies for T..J. Maxx
- Landlord: Adjmi family
The deal involving the property at 483 Broadway saw TJX Companies, operating as T.J. Maxx, leasing the retail space of 18,000 square feet from the Adjmi family. Richard Skulnick served as the tenant's representative in this transaction that took place in the vibrant New York market on December 01, 2017.
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