Club Pilates Leases Retail Space In West Village At 389 6th Ave
389 6th Avenue, New York City, New York 10014, United States
Building Size
1,615 SF
Asset Type
Retail
Closing
May 14, 2022
About this deal
AI
An retail property located at 389 6th Ave. in the West Village has recently been leased. The lease was finalized on 05/15/2022. The property spans across 1,615 square feet and is situated in a prime location in the West Village market.
Summary of transation details
- Property Type: Retail
- Date: 05/15/2022
- Address: 389 6th Ave.
- Market: West Village
- Asking Rent: $119/ft.
- Square Footage: 1,615
The landlord of the property is Walter & Samuels. The tenant who has leased the property is Club Pilates. Club Pilates was represented by Luca DiCiero & Faisal Gilani from NY Space Finders. On the other hand, Walter & Samuels was represented by Lee Block & Michael Shkreli from Winick.
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