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537 5th Ave, New York, NY, ...

Peter Ripka Of Ripco Represents Retail Tenant In Lease At 537 5th Ave, New York
LEASEDRetail

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

Peter Ripka

Ripco

Broker

8 deals

Broker
The Moinian Group
The Moinian GroupBrokerage
The Moinian Group
The Moinian GroupLandlord

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