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161 6th Ave, New York, NY 1...

Updated Oct 29, 2024

Juul Labs Leases 54,000 SF Space At One Soho Sq From Stellar Management
LEASEDOther

Juul Labs Leases 54,000 SF Space At One Soho Sq From Stellar Management

161 6th Ave, New York, NY 10013, USA

Building Size

540,000 SF

Asset Type

Other

Closing

Jun 19, 2019

About this deal

AI

The property involved in this transaction is located at One Soho Sq. It has a total square footage of 54,000 and the asking rent is $125. The tenant for this property is Juul Labs, while the landlord is Stellar Management.

Summary of transaction details

  • Property Type: N/A
  • Transaction Amount: N/A
  • Date: 06/20/2019
  • Address: One Soho Sq
  • Asking Rent: $125
  • Square Footage: 54,000
  • Tenant: Juul Labs
  • Landlord: Stellar Management
  • People: Larry Gluck, James Monsees, Adam Bowen

In this transaction, Larry Gluck, James Monsees, and Adam Bowen were involved.

Players

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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

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