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
About this deal
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.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93