Natco Home Fashions Leases Space From Adams & Co. At 411 5th Ave New York
411 5th Ave, New York, NY, 10016
Building Size
—
Asset Type
Office
Closing
Sep 9, 2021
About this deal
AI
The transaction involved a lease at 411 5th Ave, New York, NY, 10016, within the New York market. The property comprises 0 square feet and is associated with the landlord Adams & Co. and tenant Natco Home Fashions.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 411 5th Ave, New York, NY, 10016
- Market: New York
- Tenant: Natco Home Fashions
- Landlord: Adams & Co.
- Tenant's Representative: Evan Margolin - JLL
- Landlord's Representative: David Carrion-Levy - Compass
In this transaction, Evan Margolin of JLL represented the tenant, Natco Home Fashions, while David Carrion-Levy of Compass represented the landlord, Adams & Co. Both representatives played crucial roles in facilitating the lease agreement between the involved parties.
On the Map
Office
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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