Shakalaka Bakery Leases Retail Space At 180 5th Ave In New York City
180 5th Avenue
$234
$234/SF
Building Size
2,000 SF
Asset Type
Retail
Closing
Feb 1, 2023
AI
The retail property located at 180 5th Ave in New York City has recently been leased. The tenant, Shakalaka Bakery, will occupy a space of 2,000 square feet. The lease transaction was facilitated by Jessilyn Chen, who represented the tenant. The landlord, Joel Radmin, secured the deal with the assistance of Skyler Gironda from Friedman-Roth Realty, who served as the landlord's representative.
Summary of Transaction Details:
- Property Type: Retail
- Asking Rent: $234/ft
- Square Footage: 2,000
- Address: 180 5th Ave, New York City
- Market: New York City
This lease transaction marks a successful collaboration between Shakalaka Bakery and Joel Radmin, the landlord. The tenant's representative, Jessilyn Chen, worked diligently to negotiate the terms of the lease, while Skyler Gironda from Friedman-Roth Realty provided valuable guidance to the landlord throughout the process. The lease agreement allows Shakalaka Bakery to establish its presence in the vibrant retail market in New York City.
Players
Market 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