State & Liberty Leases Retail Space On Fifth Avenue In Flatiron District
174 5th Avenue, New York City, New York 10118, United States
Building Size
2,200 SF
Asset Type
Retail
Closing
Sep 29, 2022
AI
State & Liberty, a retail tenant, has signed a lease for a property located at 174 Fifth Avenue in the Flatiron District of New York City. The property, which is in the market for lease, is a retail space offering approximately 2,200 square feet.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $250/ft.
- Square Footage: 2,200
- Address: 174 Fifth Avenue, Flatiron District, New York City
- Tenant: State & Liberty
The lease agreement between State & Liberty and the landlord was facilitated by Evan Clements and Austin Knief of Atlantic Retail, who represented the tenant. On the landlord's side, Sean Moran and Patrick O'Rourke of Cushman & Wakefield acted as representatives. The lease transaction was completed on September 30, 2022.
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