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
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