Willner Chemists Leases 11386 Square Feet At 100 Park Ave New York From SL Green Realty Corp
100 Park Ave, New York, NY, 10017
Building Size
11,386 SF
Asset Type
Retail
Closing
Jan 27, 2021
AI
The lease involves a property located at 100 Park Ave, New York, NY, 10017, situated in the New York market. The total square footage of the property is 11,386 square feet. The landlord for this transaction is SL Green Realty Corp.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 100 Park Ave, New York, NY, 10017
- Market: New York
- Square Feet: 11,386
- Tenant: Willner Chemists
- Landlord: SL Green Realty Corp.
- Tenant's Representatives: Justin Myers-Lee & Associates, Conor Krup-Lee & Associates, Dennis Someck-Lee & Associates
- Landlord's Representatives: Larry Swiger, Elliot Karp-SL Green Realty Corp.
- Broker: Jeremy Bier
The transaction showcases the collaborative efforts of various representatives, including tenant representatives Justin Myers-Lee & Associates, Conor Krup-Lee & Associates, and Dennis Someck-Lee & Associates, alongside landlord representatives Larry Swiger and Elliot Karp from SL Green Realty Corp.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · 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