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565 5th Ave, New York, NY, ...

L'Oreal Leases 10000 Square Feet At 565 5th Ave New York With The Chetrit Group
LEASEDRetail

L'Oreal Leases 10000 Square Feet At 565 5th Ave New York With The Chetrit Group

565 5th Ave, New York, NY, 10017

Building Size

10,000 SF

Asset Type

Retail

Closing

Oct 13, 2015

AI

The property asset involved in this transaction is located at 565 5th Ave, New York, NY 10017. This lease encompasses a total of 10,000 square feet, comprising a 1,000 square foot retail space and 9,000 square feet designated for a training facility. The market for this property is New York.

Summary of transation details:

This lease transaction features the tenant L'Oreal, which will utilize the space for retail and training purposes. The representatives involved include Andrew Goldberg and Preston Cannon working on behalf of the tenant, while the landlord was represented by Jeff Winick, Hal Shapiro, and Lee Block, alongside Juda Chetrit who represented the landlord in-house.

Players

Andrew Goldberg

CBRE

Broker

$107M

vol

5 deals

Broker
Chetrit Group
Chetrit GroupLender
Chetrit Group
Chetrit GroupLandlord

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