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525 7th Ave, New York, NY, ...

Betsy & Adam Leases Retail Space At 525 7th Ave, New York
LEASEDRetail

Betsy & Adam Leases Retail Space At 525 7th Ave, New York

525 7th Ave, New York, NY, 10018

Building Size

21,000 SF

Asset Type

Retail

Closing

Jul 26, 2017

AI

The property asset involved in this transaction is a retail space located at 525 7th Ave, New York, NY, with a total area of 21,000 square feet. The transaction was completed in the New York market, associated with the landlord entity Olmstead Properties.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 525 7th Ave, New York, NY, 10018
  • Market: New York
  • Square Feet: 21,000
  • Landlord: Olmstead Properties
  • Tenant: Betsy & Adam
  • Landlord's Representative: Samuel Friedfeld - Olmstead Properties

The deal involved key individuals and entities, including the landlord Olmstead Properties, represented by Samuel Friedfeld. The tenants of the retail asset are Betsy & Adam, indicating their involvement in this leasing transaction.

Players

Samuel Friedfeld

Olmstead Properties

Broker

2 deals

Broker
Olmstead Properties
Olmstead PropertiesLandlord
Adam Justin

Adam Justin

WS Communities

Tenant

$235.5M

vol

17 deals

Tenant

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