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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 565 5th Ave, New York, NY, 10017
- Square Feet: 10,000
- Tenant: L'Oreal
- Landlord: The Chetrit Group
- Tenant's Representative: Andrew Goldberg (CBRE)
- Landlord's Representatives: Juda Chetrit (The Chetrit Group), Lee Block (Winick Realty Group), Hal Shapiro (Winick Realty Group)
- Brokers: Jeff Winick (Winick Realty Group)
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
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