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489 Broadway, New York, NY,...

Sherr Equities, LLC Leases Retail Space At 489 Broadway New York For $625/SF
LEASEDRetail

Sherr Equities, LLC Leases Retail Space At 489 Broadway New York For $625/SF

489 Broadway, New York, NY, 10012

$625

$625/SF

Building Size

500 SF

Asset Type

Retail

Closing

Apr 21, 2016

AI

A lease was executed for a property located at 489 Broadway, New York, NY, 10012. The total square footage of the lease is 500, and the rent is set at $625 per square foot. The market for this transaction is New York.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: 312500
  • Address: 489 Broadway, New York, NY, 10012
  • Landlord: Sherr Equities, LLC
  • Landlord's Representative: Harold Sherr
  • Square Feet: 500
  • Rent/SF: 625

Harold Sherr represents the landlord Sherr Equities, LLC in this lease transaction, facilitating the agreement between the involved parties. Further details about the tenant were not specified in the provided context.

Players

Harold Sherr

Broker

4 deals

Broker

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

25380.80%

Cash-on-Cash

-7253.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93