facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

49 W 23rd St, New York, NY,...

CRTV Leases 5625 Square Feet At 49 W 23rd St New York With Twenty Three R.P. Associates
LEASEDRetail

CRTV Leases 5625 Square Feet At 49 W 23rd St New York With Twenty Three R.P. Associates

49 W 23rd St, New York, NY, 10010

Building Size

5,625 SF

Asset Type

Retail

Closing

Jul 19, 2016

AI

The property is located at 49 W 23rd St, New York, NY, 10010, with a substantial square footage of 5,625 square feet. This leased space comprises the entire third floor in a building situated in the New York market. CRTV has signed a lease agreement for a duration of four years with the landlord being Twenty Three R.P. Associates.

Summary of transation details:

This transaction involved CRTV, the Las Vegas-based media company and parent of Conservative Review. The landlord, Twenty Three R.P. Associates, was represented by Alan Bonnet, Bradley Cohn, and James Buslik from Adams & Co. CRTV’s representation in the deal was handled by CBRE’s Adam Leshowitz and Daniel Katcher from Newmark.

Players

Bradley Cohn

Adams & Company

Broker

7 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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