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
About this deal
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.
On the Map
$68
$68/SF
Retail
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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