Tahl Propp Equities Leases 1650 Square Feet To Pharmacy 5th Ave At 1325 5th Ave
1325 5th Ave, New York, NY, 10029
Building Size
1,650 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 1325 5th Ave, New York, NY, 10029. It is a lease transaction with a total area of 1,650 square feet situated in the New York market.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1325 5th Ave, New York, NY, 10029
- Square Feet: 1650
- Landlord: Tahl Propp Equities
- Tenant: Pharmacy 5th Ave
- Landlord's Representative: Faith Hope Consolo-Douglas Elliman
This lease transaction involved Tahl Propp Equities as the landlord and Pharmacy 5th Ave as the tenant. The deal was represented by Faith Hope Consolo from Douglas Elliman, ensuring that the interests of the landlord were effectively managed during the transaction process.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · 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