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770 Lexington Ave, New York...

Verizon Signs Lease For 2000 Square Feet At 770 Lexington Ave New York With Terra Holdings
LEASEDRetail

Verizon Signs Lease For 2000 Square Feet At 770 Lexington Ave New York With Terra Holdings

770 Lexington Ave, New York, NY, 100...

Building Size

2,000 SF

Asset Type

Retail

Closing

Nov 7, 2018

AI

The property asset involved in this transaction is located at 770 Lexington Ave, New York, NY, with a total area of 2000 square feet. The lease pertains to the market in New York, and the landlord is Terra Holdings. This transaction aligns with the leasing market characteristics of the area.

Summary of transaction details:

The key individuals involved in this transaction include the representatives from ABS Partners Real Estate and Colliers International, showcasing a collaboration between these firms in facilitating the lease agreement between the landlord, Terra Holdings, and tenant, Verizon.

Players

Mark Tergesen

ABS Partners Real Estate

Broker

$4.3M

vol

15 deals

Broker
TH
Terra HoldingsLandlord
V
VerizonTenant

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