535 Eighth Avenue LLC Leases 7882 Square Feet At 531 8th Ave New York With Erik And Jeffrey Nissani As Tenant's Reps
531 8th Ave, New York, NY, 10018
Building Size
7,882 SF
Asset Type
Retail
Closing
May 18, 2016
AI
The property involved in this lease transaction is located at 531 8th Ave, New York, NY, 10018. It encompasses a total area of 7,882 square feet and is situated in the New York market. The property is owned by 535 Eighth Avenue LLC.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 531 8th Ave, New York, NY, 10018
- Market: New York
- Square Feet: 7,882
- Landlord: 535 Eighth Avenue LLC
- Tenant's Representatives: Erik Nissani, Jeffrey Nissani
- Landlord's Representative: Daniel Breiman
The transaction features Erik Nissani and Jeffrey Nissani representing the tenant, while Daniel Breiman represents the landlord in this deal. Each party plays a critical role in facilitating the lease agreement.
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