Sundaram Tagore Gallery Leases Retail Space At 540 W 26th St, New York
540 W 26th St, New York, NY, 10001
Building Size
6,552 SF
Asset Type
Retail
Closing
May 5, 2021
About this deal
AI
The property asset involved in this transaction is a retail space located at 540 W 26th St, New York, NY, 10001. This asset features a total area of 6,552 square feet and is situated in the New York market.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 540 W 26th St, New York, NY, 10001
- Square Feet: 6,552
- Tenant: Sundaram Tagore Gallery
- Landlord: Ramrock Real Estate LLC
- Tenant's Representative: Molly Sandza-Cushman & Wakefield
The key individuals and companies involved in this deal include the landlord Ramrock Real Estate LLC, the tenant Sundaram Tagore Gallery, and their representative Molly Sandza from Cushman & Wakefield. Each party played a significant role in the completion of this lease transaction, contributing to the operational aspects of the deal.
On the Map
Retail
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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