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370 7th Ave, New York, NY, ...

Sweetgreen Leases 2450 Square Feet At 370 7th Ave New York Through Jacqueline Klinger
LEASEDRetail

Sweetgreen Leases 2450 Square Feet At 370 7th Ave New York Through Jacqueline Klinger

370 7th Ave, New York, NY, 10001

Building Size

2,450 SF

Asset Type

Retail

Closing

Sep 11, 2019

AI

The lease transaction involves Sweetgreen, occupying a space of 2,450 square feet located at 370 7th Ave, New York, NY, 10001. The property is situated within the New York market and is under the ownership of Feil Organization.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 370 7th Ave, New York, NY, 10001
  • Market: New York
  • Square Feet: 2450
  • Tenant: Sweetgreen
  • Landlord: Feil Organization
  • Tenant's Rep: Jacqueline Klinger - TSCG (The Shopping Center Group)

This transaction represents the collaboration between the tenant, Sweetgreen, and the landlord, Feil Organization. Jacqueline Klinger from TSCG facilitated the deal as the tenant's representative.

Players

Jacqueline Klinger

TSCG (The Shopping Center Group)

Broker

7 deals

Broker
The Feil Organization
The Feil OrganizationBrokerage
The Feil Organization
The Feil OrganizationLandlord

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