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:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: CRTV
- Landlord: Twenty Three R.P. Associates
- Tenant's Representative: Adam Leshowitz (CBRE), Daniel Katcher (Newmark)
- Landlord's Representatives: Alan Bonnet (Adams & Co.), Bradley Cohn()
- Square Feet: 5,625
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
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