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605 W 129th St, New York, N...

Dear Mama Coffee Leases 4700 Square Feet At 605 W 129th St From Columbia University
LEASEDRetail

Dear Mama Coffee Leases 4700 Square Feet At 605 W 129th St From Columbia University

605 W 129th St, New York, NY, 10027

Building Size

4,700 SF

Asset Type

Retail

Closing

Dec 18, 2017

AI

The property asset involved in this lease transaction is located at 605 W 129th St, New York, NY, 10027. This lease encompasses a space measuring 4,700 square feet within the New York market.

Summary of transaction details:

This lease transaction involves the tenant, Dear Mama Coffee, represented by Cary Fabrikant. The landlord, Columbia University, is represented by Kelly Gedinsky and Kenneth Hochhauser from Winick Realty Group, indicating a collaboration between these professionals to facilitate the lease agreement.

Players

Kelly Gedinsky

Retail By Mona

Broker

6 deals

Broker
CU
Columbia UniversityLandlord
C
CoffeeTenant

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