Happy Bowls Signs Lease At 61 4th Ave New York With Landlord Simon Blitz
61 4th Ave, New York, NY, 10003
Building Size
1,700 SF
Asset Type
—
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 61 4th Ave, New York, NY, 10003, within the New York market. The asset comprises a total of 1,700 square feet and was leased to the tenant, Happy Bowls.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 61 4th Ave, New York, NY, 10003
- Market: New York
- Tenant: Happy Bowls
- Landlord: Simon Blitz
- Tenant's Representative: Cory Gahr-Lee & Associates NYC
The transaction involves key individuals including Simon Blitz, who serves as the landlord, alongside Cory Gahr-Lee & Associates NYC, representing the tenant Happy Bowls. The deal marks a significant step for Happy Bowls in establishing their presence in the New York market.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
Loading comparables…
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