Hao Noodle & Tea Leases 4800 Square Feet At 401 6th Ave New York Represented By John Cinosky
401 6th Ave, New York, NY, 10014
Building Size
4,800 SF
Asset Type
Retail
Closing
Oct 6, 2015
AI
The property asset involved in this transaction is a commercial lease located at 401 6th Ave, New York, NY 10014. The property encompasses a total square footage of 4,800 square feet within the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Hao Noodle & Tea
- Landlord: Walter & Samuels Inc.
- Tenant's Representative: John Cinosky - ABS Partners Real Estate
- Landlord's Representatives: Lee Block - Winick Realty Group, Dana Albert - Winick Realty Group
- Lease Term: 10 years
This lease transaction was facilitated by John Cinosky, representing the tenant, while multiple representatives from Winick Realty Group, including Lee Block and Dana Albert, represented the landlord, Walter & Samuels Inc. The collaboration between these professionals enabled the successful signing of the lease agreement.
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