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
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