Peter Ripka Of Ripco Represents Retail Tenant In Lease At 537 5th Ave, New York
537 5th Ave, New York, NY, 10017
$202
$202/SF
Building Size
40,839 SF
Asset Type
Retail
Closing
Dec 18, 2019
AI
The property at 537 5th Ave, New York, NY, 10017, located in the New York market, is a retail asset spanning 40,839 square feet. The lease for this property was finalized on December 18, 2019, with a rental rate of $202 per square foot. The landlord for this transaction was Moinian Group, and the tenant's representative was Peter Ripka from Ripco.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Applicable
- Address: 537 5th Ave, New York, NY, 10017
- Market: New York
- Square Feet: 40,839
- Landlord: Moinian Group
- Tenant's Rep: Peter Ripka (Ripco)
- Rent/SF: $202
In this commercial lease deal, Peter Ripka from Ripco negotiated on behalf of the tenant, while the landlord, Moinian Group, represented the property. The transaction highlights the collaboration between key individuals and companies in the retail real estate market in New York.
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
78529.70%
Cash-on-Cash
-22444.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93