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
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