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
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