New York Cake Troopers Leases Retail Space At 450 Sixth Ave
450 6th Avenue
$55
$55/SF
Building Size
4,395 SF
Asset Type
Retail
Closing
Nov 2, 2022
About this deal
AI
Manhattan Skyline, led by Josh Roth, has leased the retail space located at 450 Sixth Ave in New York. The tenant for this transaction is New York Cake Troopers. The deal was facilitated by Ben Biberaj and Elliot Wygoda from Meridian Capital.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Asking Rent: $55/ft.
- Square Footage: 4,395
- Address: 450 Sixth Ave, New York
- Market: New York
Ben Biberaj and Elliot Wygoda from Meridian Capital represented the tenant, New York Cake Troopers, in this lease deal with Manhattan Skyline. The parties involved successfully negotiated the terms of the lease for the retail space.
Players
Stevens Point 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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93