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
About this deal
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
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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