Light Inc Leases 6700 Square Feet At 528 7th Ave New York From Savitt Partners
528 7th Ave, New York, NY, 10018
Building Size
6,700 SF
Asset Type
Retail
Closing
Nov 10, 2015
AI
The property involved in this transaction is located at 528 7th Ave, New York, NY, 10018. It encompasses 6,700 square feet and operates in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Light Inc
- Landlord: Savitt Partners
- Tenant's Representative: Michael Schoenbrun, Meridian Capital Group
This lease transaction showcases the involvement of key industry players, with Michael Schoenbrun representing the tenant, Light Inc. The landlord for this agreement is Savitt Partners, indicating a structured deal in the New York commercial real estate market.
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