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
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