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172 5th Ave, New York, NY, ...

Rituals Cosmetics Leases 3200 Square Feet At 172 5th Ave New York From Thor Equities
LEASEDRetail

Rituals Cosmetics Leases 3200 Square Feet At 172 5th Ave New York From Thor Equities

172 5th Ave, New York, NY, 10010

Building Size

3,200 SF

Asset Type

Retail

Closing

Jan 12, 2016

AI

A lease transaction has occurred for a property located at 172 5th Ave, New York, NY, 10010. The asset encompasses a total area of 3,200 square feet, situated in the New York market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 172 5th Ave, New York, NY, 10010
  • Square Feet: 3,200
  • Tenant: Rituals Cosmetics
  • Landlord: Thor Equities
  • Tenant's Representatives: Chris DeCrosta, Hank O’Donnell
  • Landlord's Representatives: Alexandra Frangos, Sam Polese

The deal involved representation from Dallimore & Co’s Simon Dallimore and Carren Ballenger alongside Crown Retail Services’ Chris DeCrosta and Hank O’Donnell for the tenant, Rituals Cosmetics. Thor Equities, the landlord, was represented in-house by Alexandra Frangos and Sam Polese.

Players

Christopher DeCrosta

Broker

6 deals

Broker
Thor Equities
Thor 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