Club Monaco Leases Retail Space In New York From Thor Equities For 13000 SF
597 5th Ave, New York, NY, 10017
Building Size
13,000 SF
Asset Type
Retail
Closing
Nov 8, 2019
About this deal
AI
The retail property located at 597 5th Ave, New York, NY, 10017, boasts a size of 13,000 square feet. This prime location in New York was leased by Club Monaco, with Thor Equities serving as the landlord. The deal was finalized on November 8, 2019.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant's Representative: Robert (Bob) Cohen
- Tenant: Club Monaco
- Landlord: Thor Equities
Robert (Bob) Cohen played a pivotal role as the tenant's representative in the lease agreement for this property. The collaboration between Club Monaco and Thor Equities underscores the significance of tenant-landlord relationships in securing prime retail spaces in sought-after locations.
On the Map
Retail
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Players
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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