Uni K Wax Leases 1250 Square Feet At 375 6th Ave New York From RSP Properties With Landlord's Rep Mark Kapnick
375 6th Ave, New York, NY, 10014
Building Size
1,250 SF
Asset Type
—
Closing
Nov 20, 2023
AI
A lease transaction has taken place for a property located at 375 6th Ave, New York, NY, 10014. This asset comprises 1,250 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 375 6th Ave, New York, NY, 10014
- Market: New York
- Landlord: RSP Properties
- Tenant: Uni K Wax
- Landlord's Representative: Mark Kapnick, Lee & Associates
Mark Kapnick from Lee & Associates represents the landlord, RSP Properties, in this lease transaction with Uni K Wax, the tenant. This engagement highlights the role of intermediary services in facilitating property agreements within the competitive New York market.
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