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180 5th Avenue

Shakalaka Bakery Leases Retail Space At 180 5th Ave In New York City
LEASEDRetail

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

Skyler Gironda

Friedman-Roth Realty

Broker

$9.5M

vol

14 deals

Broker
SB
SHAKALAKA BAKERYTenant

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