AD Real Estate Leases 5500 Square Feet To GRIT BXNG At 9 E 16th St New York
9 E 16th St, New York, NY, 10003
Building Size
5,500 SF
Asset Type
Retail
Closing
Mar 19, 2019
About this deal
AI
The property involved in this lease transaction is located at 9 E 16th St, New York, NY, 10003. It offers a total of 5,500 square feet of space within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 9 E 16th St, New York, NY, 10003
- Market: New York
- Landlord: AD Real Estate
- Tenant: GRIT BXNG
- Landlord's Representative: James Famularo - Meridian Capital Group
The negotiation for this lease was facilitated by James Famularo, who represents AD Real Estate in this deal involving the tenant, GRIT BXNG. The transaction reflects the collaboration between key representatives and stakeholders in the commercial real estate market.
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