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55 5th Ave, New York, NY, 1...

Time Equities Leases Retail Space In New York For $68/SF
LEASEDRetail

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

Nadja Galloway

Time Equities

Broker

2 deals

Broker
Time Equities
Time EquitiesLandlord

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