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
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