Care Cube Leases Retail Space At 349 Sixth Avenue In Greenwich Village
349 6th Avenue, Manhattan, New York, NY, USA
Building Size
1,500 SF
Asset Type
Retail
Closing
Jun 1, 2020
About this deal
AI
The retail property located at 349 Sixth Avenue in Greenwich Village has been leased. The lease was signed on 06/01/2021, and the tenant is Care Cube. The landlord for this transaction is IOLE Realty. The deal was facilitated by Michael Segerman, who represented both the landlord and the tenant as the broker. Care Cube will occupy a space with a square footage of approximately 1,500 square feet in this prime Greenwich Village location.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Lease
- Address: 349 Sixth Avenue
- Tenant: Care Cube
- Landlord: IOLE Realty
- Broker: Michael Segerman - SegerCruz @DynamikRealEstate (Landlord + Tenant Rep.)
- Asking Rent: $105/ft.
- Square Footage: 1,500 sq. ft.
Michael Segerman from SegerCruz @DynamikRealEstate served as the broker for both the landlord and the tenant in this lease transaction. The asking rent for the space was $105 per square foot, and the total square footage of the leased area is 1,500 square feet.
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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