Bed Bath & Beyond Leases 92000 Sq Ft At 620 Avenue Of The Americas With RXR Realty
620 6th Avenue
Building Size
92,000 SF
Asset Type
Retail
Closing
Aug 14, 2020
About this deal
AI
The property involved in this lease transaction is located at 620 Avenue of the Americas, New York. It has a total area of 92,000 square feet. The landlord for this transaction is RXR Realty. No additional information regarding the market value or lease terms is provided.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 92,000
- Address: 620 Avenue of the Americas, New York
- Landlord: RXR Realty
- Tenant: Bed Bath & Beyond
- Landlord's Representative: Brian Cheeseman - RXR Realty
The deal features Bed Bath & Beyond as the tenant in this lease agreement. Brian Cheeseman represents RXR Realty in this transaction, overseeing the interests of the landlord.
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