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90 W 225th St, New York, NY...

Washington Square Partners Leases 6000 SF Retail Space At 90 W 225th St, NY
LEASEDRetail

Washington Square Partners Leases 6000 SF Retail Space At 90 W 225th St, NY

90 W 225th St, New York, NY, 10463

Building Size

6,000 SF

Asset Type

Retail

Closing

Jun 28, 2019

AI

The property at 90 W 225th St, New York, NY, 10463, located in the Bronx, is a retail space spanning 6,000 square feet. The lease for this property was executed on June 28, 2019. Laurence Roberts represented the landlord, Washington Square Partners, in this transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Specified
  • Market: Bronx
  • Address: 90 W 225th St, New York, NY, 10463
  • Landlord's Rep: Laurence Roberts - Washington Square Partners
  • Square Feet: 6000

The deal's key individuals included Laurence Roberts, who acted as the landlord's representative. The transaction signifies a successful lease agreement for the retail property, highlighting the active commercial real estate market in the Bronx in 2019.

Players

Laurence Roberts

Broker

$5.3M

vol

3 deals

Broker
WP
Washington Square PartnersLandlord

Bronx 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