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100 Park Ave, New York, NY,...

Willner Chemists Leases 11386 Square Feet At 100 Park Ave New York From SL Green Realty Corp
LEASEDRetail

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:

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

Dennis Someck

Lee & Associates

Broker

26 deals

Broker
SL Green
SL GreenLandlord

New York Retail Market Snapshot

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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