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57 Court Street

United American Land Leases Retail Space To AMBITION At 57 Court Street In New York City
LEASEDRetail

United American Land Leases Retail Space To AMBITION At 57 Court Street In New York City

57 Court Street

$70

$70/SF

Building Size

6,112 SF

Asset Type

Retail

Closing

Nov 4, 2022

AI

The retail property located at 57 Court Street in New York City has been leased in a closed transaction. The landlord, United American Land, has entered into an agreement with the tenant, AMBITION. The property spans approximately 6,112 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease agreement
  • Address: 57 Court Street, New York City
  • Market: New York City
  • Asking Rent: $70 per square foot

The landlord's representatives in this deal are Jason Pennington and Ben Weiner from Ripco. On the other hand, the tenant is represented by Jay Siano and Sean Young from SABRE.

Players

United American Land
United American LandLandlord

Market 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

226614.29%

Cash-on-Cash

-64767.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93