Make Up For Ever Leases Retail Space At 841 Broadway, New York
841 Broadway, New York, NY, 10003
Building Size
13,777 SF
Asset Type
Retail
Closing
Jul 21, 2016
AI
The retail property located at 841 Broadway, New York, NY, 10003, with a total of 13,777 square feet, was involved in a lease transaction on July 21, 2016. The tenant, Make Up For Ever, secured the space in this prime New York market. Savills' Marc Shapses represented Make Up For Ever in the deal while the landlord was The Feil Organization.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Tenant: Make Up For Ever
- Market: New York
- Tenant's Rep: Marc Shapses (Savills)
- Landlord: The Feil Organization
- Square Feet: 13,777
The lease transaction for the retail property at 841 Broadway in New York brought together Make Up For Ever as the tenant and The Feil Organization as the landlord, facilitated by Marc Shapses of Savills. This deal highlights the successful negotiation and agreement between the tenant and the landlord, securing a prime location for Make Up For Ever in the bustling city of New York.
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