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63 University Pl, New York,...

Maman Leases 1841 Square Feet At 63 University Pl New York From TF Cornerstone
LEASEDRetail

Maman Leases 1841 Square Feet At 63 University Pl New York From TF Cornerstone

63 University Pl, New York, NY, 10003

Building Size

1,841 SF

Asset Type

Retail

Closing

Mar 19, 2021

AI

The property involved in this lease transaction is located at 63 University Pl, New York, NY, 10003, within the New York market. The leased space encompasses 1,841 square feet, and the landlord for this property is TF Cornerstone.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 63 University Pl, New York, NY, 10003
  • Square Feet: 1,841
  • Landlord: TF Cornerstone
  • Landlord's Representative: Brian Von Schmid - Ripco
  • Tenant: Maman

Brian Von Schmid of Ripco represents the landlord, TF Cornerstone, while Maman is the tenant in this lease transaction. The arrangement highlights the engagement of a professional brokerage in facilitating this deal.

Players

Brian Von Schmid

Ripco

Broker

3 deals

Broker
TF Cornerstone
TF CornerstoneLender
TF Cornerstone
TF CornerstoneLandlord

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