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69 Broadway, New York, NY, ...

Equity Residential Leases 3100 Square Feet To Biscuits & Bath At 69 Broadway New York
LEASEDRetail

Equity Residential Leases 3100 Square Feet To Biscuits & Bath At 69 Broadway New York

69 Broadway, New York, NY, 10006

Building Size

3,100 SF

Asset Type

Retail

Closing

Jul 19, 2017

AI

The property involved in the transaction is located at 69 Broadway, New York, NY 10006, within the New York market. This lease encompasses a total area of 3,100 square feet, catering to the establishment of Biscuits & Bath under the ownership of Equity Residential.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 69 Broadway, New York, NY, 10006
  • Market: New York
  • Landlord: Equity Residential
  • Tenant: Biscuits & Bath
  • Landlord's Representative: Darrell Rubens - Newmark

The individuals and entities involved in this transaction include Biscuits & Bath as the tenant and Equity Residential as the landlord. Darrell Rubens from Newmark represents Equity Residential in this leasing deal, facilitating the agreement between the two parties.

Players

Darrell Rubens

Newmark

Broker

10 deals

Broker
Equity Residential
Equity ResidentialLandlord

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