BarBacon Leases 5837 Square Feet At 127 4th Ave New York With Tenant's Rep Jake Althaus
127 4th Ave, New York, NY, 10003
Building Size
5,837 SF
Asset Type
Retail
Closing
May 17, 2018
About this deal
AI
The property involved in this lease transaction is located at 127 4th Ave, New York, NY, 10003. It encompasses a total area of 5,837 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 5837
- Tenant: BarBacon
- Landlord: Pan Am Equities
- Tenant's Representative: Jake Althaus-CBRE
- Landlord's Representatives: David Abrams, Grant Dunn-RKF
This transaction features notable representatives, with Jake Althaus from CBRE representing the tenant, BarBacon. The landlord, Pan Am Equities, has representation from David Abrams and Grant Dunn of RKF. This collaboration reflects the involvement of professionals in negotiating the lease terms.
On the Map
Retail
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Players
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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