Levain Bakery Leases 3,000 SF Retail Space At 122 Fifth Ave. From Bromley Cos
122 Fifth Avenue New York, New York 10011, Usa
Building Size
3,000 SF
Asset Type
Retail
Closing
Jul 19, 2023
About this deal
AI
Levain Bakery has leased 3,000 square feet of retail space at 122 Fifth Ave., Manhattan. The property, owned by Bromley Cos, is located in a prime location in the bustling market of Manhattan.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Square Footage: 3,000
- Address: 122 Fifth Ave, Manhattan
- Market: Manhattan
In this lease transaction, Levain Bakery will be occupying the retail space at 122 Fifth Ave. Their new location will provide them with ample space to carry out their bakery operations. The deal was facilitated by Newmark, who represented Levain Bakery in the negotiation process. Cushman & Wakefield, acting as the landlord's representative, worked on behalf of Bromley Cos in securing the lease agreement.
On the Map
Retail
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Players
Woolgoolga Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
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