European Wax Center Leases 2100 Square Feet At 750 6th Ave With Hal Shapiro As Tenant's Rep
750 6th Ave, New York, NY, 10010
Building Size
2,100 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property asset involved in the context is located at 750 6th Ave, New York, NY, 10010, within the New York market. This lease transaction encompasses a space of 2,100 square feet designated for the tenant, European Wax Center, with Chelsea Associates acting as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 750 6th Ave, New York, NY, 10010
- Market: New York
- Tenant: European Wax Center
- Landlord: Chelsea Associates
- Tenant's Representative: Hal Shapiro-Winick Realty Group
- Square Feet: 2,100
The deal involved notable parties, including Hal Shapiro from Winick Realty Group representing European Wax Center in the lease transaction. Chelsea Associates remains the landlord, overseeing the leasing agreement for the specified location.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · 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