FitHouse Leases 5500 SF At 712 Broadway New York With Tenant's Rep Ethan Berenzweig
712 Broadway, New York, NY, 10003
$250
$250/SF
Building Size
5,500 SF
Asset Type
Retail
Closing
Jun 15, 2018
About this deal
AI
The property involved in the transaction is located at 712 Broadway, New York, NY, 10003. This leased asset is situated in the New York market and has a total of 5,500 square feet. The rent for this property is set at $250 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 712 Broadway, New York, NY, 10003
- Market: New York
- Tenant: FitHouse
- Landlord: Time Equities
- Tenant's Representative: Ethan Berenzweig-Newmark Knight Frank
The transaction involves FitHouse as the tenant, securing a lease through the representation of Ethan Berenzweig from Newmark Knight Frank. Time Equities acts as the landlord in 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
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93