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378 6th Avenue

Greenwich Gourmet Market Leases 8200 Square Feet At 378 Avenue Of The Americas
LEASEDCommercial

Greenwich Gourmet Market Leases 8200 Square Feet At 378 Avenue Of The Americas

378 6th Avenue

Building Size

8,200 SF

Asset Type

Commercial

Closing

Apr 24, 2019

AI

The property asset involved in this transaction is located at 378 Avenue of the Americas, New York. It features a total square footage of 8,200. The tenant for this lease is Greenwich Gourmet Market, while the landlord for the property is Friedland Properties.

Summary of transaction details:

  • Property Type: LEASE
  • Transaction Amount: Not specified
  • Address: 378 Avenue of the Americas, New York
  • Square Feet: 8200
  • Tenant: Greenwich Gourmet Market
  • Landlord: Friedland Properties
  • Tenant's Representative: Mark Kapnick (Lee & Associates)
  • Landlord's Representative: Brett Weinblatt (Compass)

The transaction includes Mark Kapnick from Lee & Associates representing Greenwich Gourmet Market, while Brett Weinblatt from Compass represents Friedland Properties. These representatives facilitate the agreement between the tenant and landlord for the specified property lease.

Players

Brett Weinblatt

Compass

Broker

$11.8M

vol

15 deals

Broker
FP
Friedland PropertiesLandlord
GM
Greenwich Gourmet MarketTenant

New York Commercial Market Snapshot

Boundary boundary · Commercial · 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