Time Equities Leases Retail Space In New York For $68/SF
55 5th Ave, New York, NY, 10003
$68
$68/SF
Building Size
13,260 SF
Asset Type
Retail
Closing
Jan 6, 2017
AI
The property asset involved in this transaction is a retail space located at 55 5th Ave, New York, NY, 10003. This asset spans a total of 13,260 square feet and has a rent per square foot set at $68. The market for this lease is identified as New York, where the transaction has taken place.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 55 5th Ave, New York, NY, 10003
- Square Feet: 13260
- Rent/SF: 68
- Landlord: Time Equities
- Landlord's Representative: Nadja Galloway - Time Equities
- Date: 01/06/2017
The deal was facilitated by Nadja Galloway, representing the landlord, Time Equities. The specific terms and additional participants involved in the lease transaction are not detailed.
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
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93