Updated Oct 29, 2024
Warby Parker Leases 2500 SF MultiFamily Space At 73 5th Ave, New York
73 5th Ave, New York, NY, 10003
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Sep 7, 2022
About this deal
AI
The property located at 73 5th Ave, New York, NY, 10003, is a MultiFamily asset spanning 2,500 square feet. The landlord, 73 Fifth Avenue LLC, concluded a lease agreement with the tenant, Warby Parker, on 09/07/2022. The deal was facilitated by Nicholas "Nick" Judson and Wendy Mcdonald from Judson CRE acting as the landlord's representatives.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Market: New York
- Landlord's Rep: Nicholas "Nick" Judson(Judson CRE), Wendy Mcdonald(Judson CRE)
- Tenant: Warby Parker
The lease agreement at 73 5th Ave involved key individuals such as Nicholas "Nick" Judson and Wendy Mcdonald from Judson CRE representing the landlord, 73 Fifth Avenue LLC, and the tenant, Warby Parker. The location's desirability and the suitability of the space for the tenant's needs likely contributed to the successful conclusion of the transaction.
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MultiFamily
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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