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127 4th Ave, New York, NY, ...

BarBacon Leases 5837 Square Feet At 127 4th Ave New York With Tenant's Rep Jake Althaus
LEASEDRetail

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

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.

Players

Jake Althaus

CBRE

Broker

2 deals

Broker
PE
Pan Am EquitiesLandlord

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