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433 7th Ave, New York, NY, ...

Cachet Industries Inc Leases 5970 Square Feet At 433 7th Ave New York From Arsenal Company
LEASEDRetail

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

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.

Players

David Carrion-Levy

Compass

Broker

$2.2M

vol

5 deals

Broker
AC
Arsenal CompanyLandlord
CI
Cachet Industries IncTenant

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