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
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