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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 605 W 129th St, New York, NY, 10027
- Square Feet: 4,700
- Tenant: Dear Mama Coffee
- Landlord: Columbia University
- Tenant's Representative: Cary Fabrikant
- Landlord's Representatives: Kelly Gedinsky, Kenneth Hochhauser (Winick Realty Group)
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
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