OrangeTheory Fitness Leases Retail Space In Greenwich Village At 391 6th Ave
391 6th Avenue, Brooklyn, NY 11215
Building Size
3,300 SF
Asset Type
Retail
Closing
Feb 17, 2020
About this deal
AI
OrangeTheory Fitness has leased a retail space at 391 6th Ave in Greenwich Village. The lease transaction took place on February 17, 2021. The property is a retail asset with a total area of 3,300 square feet. The asking rent for the space was $145 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Date: February 17, 2021
- Address: 391 6th Ave
- Market: Greenwich Village
- Tenant: OrangeTheory Fitness
- Landlord: Walter Samuels
- Asking Rent: $145/ft
- Square Footage: 3,300
- Brokers: Albert Halawani, Adam Krell, Albert Manopla, Michael Shkreli, and Lee Block
The deal was facilitated by brokers Albert Halawani, Adam Krell, Albert Manopla, Michael Shkreli, and Lee Block. The tenant, OrangeTheory Fitness, leased the space from landlord Walter Samuels. The lease agreement was secured at an asking rent of $145 per square foot.
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Retail
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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