Alloy Leases Retail Space At 83 University Pl, New York From Northwestern Mutual
83 University Pl, New York, NY, 10003
Building Size
44,333 SF
Asset Type
Retail
Closing
Jul 20, 2021
AI
The property involved in this transaction is a retail asset located at 83 University Pl, New York, NY, with a total square footage of 44,333. The lease date is recorded as July 20, 2021, and it is situated in the New York market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Feet: 44,333
- Address: 83 University Pl, New York, NY, 10003
- Market: New York
- Tenant: Alloy
- Landlord: Northwestern Mutual
- Tenant's Representative: Michael Thomas - Cushman & Wakefield
- Landlord's Representative: Scott Vinett - JLL
The transaction highlights the involvement of key representatives in the lease agreement, with Michael Thomas from Cushman & Wakefield representing the tenant, Alloy, while Scott Vinett from JLL represents the landlord, Northwestern Mutual. This collaborative effort showcases the professional engagement in the retail leasing sector within the New York market.
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