L’antica Pizzeria Da Michele Leases 5600 Square Feet From Sky Management In New York
2 Bank St, New York, NY, 10014
Building Size
5,600 SF
Asset Type
Retail
Closing
Apr 13, 2021
About this deal
AI
The property involved in this transaction is located at 2 Bank St, New York, NY, 10014. It encompasses a total square footage of 5,600 within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2 Bank St, New York, NY, 10014
- Market: New York
- Tenant: L’antica Pizzeria da Michele
- Landlord: Sky Management
- Tenant's Representative: Francesco Cirillo-UBIQ New York
The transaction reflects the collaboration between the tenant, L’antica Pizzeria da Michele, and the landlord, Sky Management, with Francesco Cirillo from UBIQ New York representing the tenant throughout the process.
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