Los Tacos No. 1 Leases Retail Space At 65 Exchange Place In New York
65 Exchange Pl New York, NY 10005, USA
$200
$200/SF
Building Size
3,009 SF
Asset Type
Retail
Closing
May 1, 2023
AI
The retail property located at 65 Exchange Place in New York has been leased in a closed transaction. The landlord, Metro Loft Management, has entered into a lease agreement with the tenant, Los Tacos No. 1. The lease was facilitated by brokers Andrew Stern, Neal Ohm, Brandon Eisenman, and Michael Cohen from Newmark. The property has a total square footage of 3,009 and an asking rent of $200 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Date: 05/01/2023
- Address: 65 Exchange Place, New York
- Market: New York
- Landlord: Metro Loft Management
- Tenant: Los Tacos No. 1
- Brokers: Andrew Stern, Neal Ohm, Brandon Eisenman, and Michael Cohen - Newmark
- Asking Rent: $200/ft
- Total Square Footage: 3,009
The lease transaction for the retail property at 65 Exchange Place was successfully negotiated by the brokers from Newmark, including Andrew Stern, Neal Ohm, Brandon Eisenman, and Michael Cohen. Los Tacos No. 1 will now occupy the space under the management of Metro Loft Management. This lease deal highlights the vibrant retail market in New York.
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93