Alo Yoga Signs Lease At 164 5th Ave New York With Landlord Thor Equities
164 5th Ave, New York, NY, 10010
Building Size
17,600 SF
Asset Type
Mixed-use
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this lease transaction is located at 164 5th Ave, New York, NY, 10010. This leased space encompasses a total of 17,600 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Tenant: Alo Yoga
- Landlord: Thor Equities
- Tenant's Representatives: Alissa Bersin, Chris Kuklinski (The McDevitt Company)
The deal involved notable individuals and firms, including tenant representatives Alissa Bersin and Chris Kuklinski from The McDevitt Company, who facilitated the negotiation for the tenant, Alo Yoga, with the landlord, Thor Equities, who owns the property.
On the Map
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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