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
About this deal
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.
On the Map
$70
$70/SF
Retail
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Players
Market 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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93