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74 Broad St, New York, NY, ...

Caspi Development Leases 3000 Square Feet To Tacombi At 74 Broad St, New York
LEASEDRetail

Caspi Development Leases 3000 Square Feet To Tacombi At 74 Broad St, New York

74 Broad St, New York, NY, 10004

Building Size

3,000 SF

Asset Type

Retail

Closing

Jun 21, 2019

AI

The property asset involved in this transaction is located at 74 Broad St, New York, NY, 10004. It spans a total area of 3,000 square feet and is situated in the New York market.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Landlord: Caspi Development
  • Tenant: Tacombi
  • Landlord's Representatives: Larry Link, Brett Harvey (JLL)

This transaction highlights the relationship between the tenant, Tacombi, and the landlord, Caspi Development, represented by Larry Link and Brett Harvey of JLL, who facilitated the lease agreement.

Players

Larry Link

Broker

$19M

vol

6 deals

Broker
JLL
JLLBrokerage
T
TacombiTenant

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