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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 770 Lexington Ave, New York, NY, 100...
- Market: New York
- Landlord's Representative: Mark Tergesen-ABS Partners Real Estate, John Broderick-Colliers International, John Brod-ABS Partners Real Estate
- Tenant: Verizon
- Landlord: Terra Holdings
- Square Feet: 2000
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.
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