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178 5th Avenue

Friedman-Roth Realty Facilitates Lease Of Mixed-Use Space At 178 5th Avenue In New York City
LEASEDMixed-use

Friedman-Roth Realty Facilitates Lease Of Mixed-Use Space At 178 5th Avenue In New York City

178 5th Avenue

$234

$234/SF

Building Size

2,000 SF

Asset Type

Mixed-use

Closing

Jan 3, 2023

AI

The mixed-use property located at 178 5th Avenue in New York City has been leased. The transaction was facilitated by broker Skyler Gironda from Friedman-Roth Realty on behalf of landlord Joel Radmin. The asking rent for the property was $234 per square foot for a total area of 2,000 square feet.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: Lease
  • Address: 178 5th Avenue, New York City
  • Market: New York City
  • Landlord: Joel Radmin
  • Broker: Skyler Gironda - Friedman-Roth Realty
  • Asking Rent: $234/ft
  • Square Footage: 2,000

Skyler Gironda from Friedman-Roth Realty was instrumental in facilitating this lease transaction for the mixed-use property at 178 5th Avenue. The deal was successfully negotiated between the landlord, Joel Radmin, and the tenant. The terms of the lease, beyond the asking rent and square footage, were not provided in the available information.

Players

Skyler Gironda

Friedman-Roth Realty

Broker

$9.5M

vol

14 deals

Broker

New York City 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

67790.60%

Cash-on-Cash

-19374.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93