Cachet Industries Inc Leases 5970 Square Feet At 433 7th Ave New York From Arsenal Company
433 7th Ave, New York, NY, 10001
Building Size
5,970 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
The property involved in this lease transaction is located at 433 7th Ave, New York, NY, 10001. This asset is situated in the New York market and comprises a total area of 5,970 square feet.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 433 7th Ave, New York, NY, 10001
- Market: New York
- Tenant: Cachet Industries Inc
- Landlord: Arsenal Company
- Tenant's Representative: Jason Birk - Olmstead Properties
- Landlord's Representative: David Carrion-Levy - Compass
This transaction is represented by Jason Birk from Olmstead Properties for Cachet Industries Inc, while David Carrion-Levy from Compass represents Arsenal Company. The involvement of these representatives facilitates the execution of the lease agreement between the tenant and landlord.
On the Map
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