Koba Signs Lease At 450-460 Park Ave South In NoMad With Landlord The Moinian Group
450 Park Ave S New York, NY 10016, USA
$150
$150/SF
Building Size
2,450 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
The Moinian Group has leased a retail space at 450-460 Park Ave South in NoMad. The property spans 2,450 square feet and was leased to the tenant, Koba. David Green and David Sabbagh from KSR represented Koba in the deal. The asking rent for the space was $150 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 450-460 Park Ave South
- Market: NoMad
- Tenant: Koba
- Landlord: The Moinian Group
- Brokers: David Green & David Sabbagh - KSR
- Asking Rent: $150/ft
- SF: 2,450
David Green and David Sabbagh from KSR represented Koba, the tenant, in the lease agreement for the retail space at 450-460 Park Ave South. The Moinian Group served as the landlord in this transaction.
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
105753.33%
Cash-on-Cash
-30224.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93