New & Lingwood Leases Retail Space At 970 Lexington Ave, New York
970 Lexington Ave, New York, NY, 100...
Building Size
2,500 SF
Asset Type
Retail
Closing
May 18, 2018
AI
The retail property located at 970 Lexington Ave, New York, NY, 100... spans 2,500 square feet. The landlord, GEF Development, successfully leased the space to the tenant, New & Lingwood. The lease transaction was finalized on May 18, 2018.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Landlord's Representative: Nicholas "Nick" Judson(Judson CRE), Stuart S. Ellman()
- Tenant: New & Lingwood
- Square Feet: 2500
Nicholas "Nick" Judson from Judson CRE and Stuart S. Ellman were the landlord's representatives in the lease deal. The tenant, New & Lingwood, will now occupy the retail space under the management of GEF Development.
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