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483 Broadway, New York, NY,...

TJX Companies Leases Retail Space At 483 Broadway In New York
LEASEDRetail

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

Richard Skulnick

Broker

15 deals

Broker

Adjmi Family

ACHS Management

Landlord

$239.7M

vol

4 deals

Landlord
TM
T.J. MaxxTenant

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