Power Pilates Leases Retail Space At 327 Park Ave S In Flatiron
327 Park Ave S, New York, NY 10010, USA
Building Size
1,200 SF
Asset Type
Retail
Closing
Aug 27, 2020
About this deal
AI
A retail space located at 327 Park Ave S in Flatiron has been leased. The property was leased by Power Pilates, represented by Luca DiCiero and Faisal Gilani from NY Space Finders. The landlord in this deal was Salvatore Lo Duca.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 08/28/2020
- Address: 327 Park Ave S, Flatiron
- Asking Rent: $60 / SF
- Square Footage: 1,200
The lease agreement between Power Pilates and the landlord, Salvatore Lo Duca, was facilitated by Luca DiCiero and Faisal Gilani from NY Space Finders.
Players
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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