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
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