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164 5th Ave, New York, NY, ...

Alo Yoga Signs Lease At 164 5th Ave New York With Landlord Thor Equities
LEASEDMixed-use

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

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:

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.

Players

Alissa Bersin

Tishman Speyer

Broker

1 deal

Broker
Thor Equities
Thor EquitiesLandlord

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