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545 5th Ave, New York, NY, ...

Ted Koltis Represents Lids In 4873 SF Retail Lease On 5th Ave, New York
LEASEDRetail

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

Ted Koltis

Broker

5 deals

Broker

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