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
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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