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841 Broadway, New York, NY,...

Make Up For Ever Leases Retail Space At 841 Broadway, New York
LEASEDRetail

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

Marc Shapses

Savills

Broker

11 deals

Broker
The Feil Organization
The Feil OrganizationBrokerage
The Feil Organization
The Feil OrganizationLandlord

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