Ted Koltis Represents Lids In 4873 SF Retail Lease On 5th Ave, New York
545 5th Ave, New York, NY, 10017
Building Size
4,873 SF
Asset Type
Retail
Closing
Jun 2, 2022
AI
The retail property located at 545 5th Ave, New York, NY, 10017, boasts 4,873 square feet in the bustling market of New York. The lease was signed on 06/02/2022, with Lids as the tenant occupying the space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Market: New York
- Landlord's Rep: Ted Koltis()
In this deal, Ted Koltis represented the landlord in the lease agreement with Lids for the retail space at 545 5th Ave. The property, with its prime location and nearly 5,000 square feet, now serves as the new home for the popular retailer.
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