Inchin’s Bamboo Garden Leases 2786 SF At 424 Park Ave S New York From Samco Properties With Ethan Berenzweig As Tenant's Rep
424 Park Ave S, New York, NY, 10016
$200
$200/SF
Building Size
2,786 SF
Asset Type
Retail
Closing
Sep 14, 2017
About this deal
AI
The property involved in the transaction is located at 424 Park Ave S, New York, NY, 10016, situated in the New York market. The leased space has a total square footage of 2,786 and is leased at a rate of $200 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 424 Park Ave S, New York, NY, 10016
- Market: New York
- Tenant: Inchin’s Bamboo Garden
- Landlord: Samco Properties
- Tenant's Representative: Ethan Berenzweig - Newmark Knight Frank
The deal involves Inchin's Bamboo Garden as the tenant, represented by Ethan Berenzweig of Newmark Knight Frank. The landlord in this transaction is Samco Properties, highlighting the collaborative effort between these parties in securing this 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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93