KMR Management Leases Retail Space At 377 5th Avenue In Midtown South, Manhattan
377 5th Avenue
$36
$36/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Nov 30, 2023
About this deal
AI
The retail property located at 377 5th Avenue in Midtown South, Manhattan has been leased by Hebe Intl Skincare Center. The landlord, KMR Management, agreed to a 10-year lease with an asking rent of $36 per square foot for a total of 2,500 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 377 5th Avenue
- Market: Midtown South, Manhattan
- Landlord: KMR Management
- Tenant: Hebe Intl Skincare Center
Representing the landlord, KMR Management, in this lease transaction is Michael Segerman of Current Real Estate Advisors. On the other hand, Jessilyn Chen and Olivia Biancardi from Arktic Real Estate served as the tenant's representatives.
On the Map
$36
$36/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Jessilyn Chen to view all their deals.
Browse New York retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
440638.89%
Cash-on-Cash
-125935.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93