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455 Park Ave S New York, NY...

Buffalo Wild Wings GO Signs Long-Term Lease At 455 Park Avenue South With Landlord Scott Solomon - Pan Am Equities
LEASEDRetail

Buffalo Wild Wings GO Signs Long-Term Lease At 455 Park Avenue South With Landlord Scott Solomon - Pan Am Equities

455 Park Ave S New York, NY 10016, USA

$150

$150/SF

Building Size

1,900 SF

Asset Type

Retail

Closing

Apr 30, 2023

AI

The property involved in this lease transaction is a retail space located at 455 Park Avenue South in New York City. The asset spans 1,900 square feet and was leased by Buffalo Wild Wings GO. The lease term is long term, and the asking rent for the space is $150 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Tenant: Buffalo Wild Wings GO
  • Landlord: Scott Solomon - Pan Am Equities
  • Tenant's Representative: Virginia Pittarelli & Madison Grossman - Crown Retail
  • Landlord's Representative: Ravi Idnani & Josh Strauss - Newmark
  • Address: 455 Park Avenue South
  • Market: New York City

The tenant, Buffalo Wild Wings GO, was represented by Virginia Pittarelli and Madison Grossman from Crown Retail, while the landlord, Scott Solomon of Pan Am Equities, was represented by Ravi Idnani and Josh Strauss of Newmark.

Players

Ravi Idnani

Newmark

Broker

$3M

vol

68 deals

Broker
BW
Buffalo Wild WingsTenant

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