Dane Harlowe Of Meridian Capital Group Secures Retail Lease In New York City
1400 Fifth Avenue
$36
$36/SF
Building Size
11,029 SF
Asset Type
Retail
Closing
Jan 10, 2023
AI
The retail property located at 1400 Fifth Avenue in New York City has been leased. The deal was facilitated by Brent Legunn and Sholom Kanevsky from KSR, representing the landlord, and Dane Harlowe from Meridian Capital Group, representing the tenant. The property spans 11,029 square feet, with an asking rent of $36 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 1400 Fifth Avenue
- Market: New York City
- Landlord's Rep: Brent Legunn & Sholom Kanevsky - KSR
- Tenant's Rep: Dane Harlowe - Meridian Capital Group
- Asking Rent: $36/ft
- Square Feet: 11,029
The successful lease of the retail property at 1400 Fifth Avenue was made possible with the assistance of notable individuals and companies involved in the deal. Brent Legunn and Sholom Kanevsky from KSR represented the landlord, while Dane Harlowe from Meridian Capital Group acted as the tenant's representative.
Players
New York City 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
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93