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1114 6th Ave, New York, NY,...

Sweetgreen Signs Lease With The Swig Company For 4316 Square Feet At 1114 6th Ave
LEASEDOffice

Sweetgreen Signs Lease With The Swig Company For 4316 Square Feet At 1114 6th Ave

1114 6th Ave, New York, NY, 10036

Building Size

4,316 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 1114 6th Ave, New York, NY, 10036, within the New York market. The leased space comprises a total of 4,316 square feet. The transaction involves the tenant Sweetgreen and the landlord The Swig Company.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1114 6th Ave, New York, NY, 10036
  • Market: New York
  • Square Feet: 4,316
  • Tenant: Sweetgreen
  • Landlord: The Swig Company
  • Tenant's Representative: Jacqueline Klinger - TSCG (The Shopping Center Group)

This transaction highlights the engagement of Jacqueline Klinger, who represents Sweetgreen in this lease agreement, working with The Swig Company as the landlord. The deal facilitates Sweetgreen's establishment in a prominent location within New York, showcasing the strategic partnership between the tenant and landlord.

Players

Jacqueline Klinger

TSCG (The Shopping Center Group)

Broker

7 deals

Broker
TC
The Swig CompanyLandlord
S
SweetgreenTenant

New York Office Market Snapshot

Boundary boundary · Office · 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