Shakalaka Bakery Signs Lease For Retail Space In New York City At 180 5th Ave
180 5th Avenue, New York City, New York 10003, United States
$234
$234/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Feb 1, 2023
About this deal
AI
The retail property located at 180 5th Ave in New York City has recently been leased. The lease transaction was finalized on 02/01/2023.
Summary of transaction details:
- Property Type: Retail
- Address: 180 5th Ave
- Market: New York City
The landlord for this property is Joel Radmin. The tenant who has leased the space is SHAKALAKA BAKERY. The landlord was represented by Skyler Gironda from Friedman-Roth Realty, while the tenant was represented by Jessilyn Chen.
The asking rent for the 2,000 square feet of retail space was $234 per square foot.
On the Map
$234
$234/SF
Retail
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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
67790.60%
Cash-on-Cash
-19374.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93