Hidrock Properties Leases 725 SF Mixed-Use Space At 32 Fifth Ave To Insomnia Cookies
745 7th Ave, New York, NY 10019, USA
Building Size
7,250 SF
Asset Type
Mixed-use
Closing
May 31, 2019
About this deal
AI
Located at 32 Fifth Ave in the Barclays Center/Park Slope market, a mixed-use property has recently undergone a closed transaction. The property covers a total area of 725 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Tenant: @InsomniaCookies
- Landlord: Hidrock Properties
- Landlord's Representative: Hidrock Properties - Steven J. Hidary, David R. Dayan
- Tenant's Representative: SRSRE - Jansen Hafen, Jay Gilbert
- Asking Rent: $165
The deal was facilitated by Hidrock Properties' representatives, Steven J. Hidary and David R. Dayan, on behalf of the landlord. The tenant, @InsomniaCookies, was represented by Jansen Hafen and Jay Gilbert from SRSRE.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Deal FAQ
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