Fitness International Secures Significant Retail Lease At 59 Maiden Lane In Financial District
59 Maiden Lane
Building Size
36,650 SF
Asset Type
Retail
Closing
Nov 26, 2023
AI
Fitness International has secured a significant retail lease for its new "Club Studio" concept at 59 Maiden Lane in the Financial District. The space, covering 36,650 square feet, will replace the previous Zeytuna food market. The property is owned by AmTrust RE and is located at the address 59 Maiden Lane.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Square Footage: 36,650
- Address: 59 Maiden Lane
- Market: Financial District
The landlord for this lease is Jonathan Bennett, representing AmTrust RE. The tenant, Fitness International, was assisted by brokers Chase Welles and John Kalamaras from RealSource Group. On the landlord's side, the representatives were Brandon Miller, David Abrams, Eliot Goldschmidt, and Jeff Jacobson from Masonre.
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