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401 6th Ave, New York, NY, ...

Hao Noodle & Tea Leases 4800 Square Feet At 401 6th Ave New York Represented By John Cinosky
LEASEDRetail

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:

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

Lee Block

RTL Real Estate

Broker

22 deals

Broker
S
SamuelsLandlord
HT
Hao Noodle & TeaTenant

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