facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

126 5th Ave, New York, NY, ...

PatBO Leases Retail Space At 126 5th Ave, New York With 7000 Sq Ft
LEASEDRetail

PatBO Leases Retail Space At 126 5th Ave, New York With 7000 Sq Ft

126 5th Ave, New York, NY, 10011

Building Size

7,000 SF

Asset Type

Retail

Closing

Aug 30, 2022

AI

The retail property located at 126 5th Ave, New York, NY, 10011, comprises 7,000 square feet and was leased on 08/30/2022 in the thriving market of New York. The landlord's representatives for this transaction were Michael Yadgard and Noah Jay from Compass. The tenant who secured the lease is PatBO. The identity of the landlord remains undisclosed.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 126 5th Ave, New York, NY, 10011
  • Market: New York
  • Tenant: PatBO
  • Landlord's Reps: Michael Yadgard (Compass), Noah Jay (Compass)

This lease deal involved the tenant, PatBO, entering into an agreement for the 7,000 square feet retail space at 126 5th Ave. Michael Yadgard and Noah Jay, representing the landlord, played a crucial role in facilitating the lease transaction.

Players

Michael Yadgard

Compass

Broker

$31.8M

vol

13 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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