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609 5th Ave, New York, NY, ...

Puma Leases 24000 Square Feet At 609 5th Ave New York From SL Green Realty Corp
LEASEDRetail

Puma Leases 24000 Square Feet At 609 5th Ave New York From SL Green Realty Corp

609 5th Ave, New York, NY, 10017

$1,400

$1,400/SF

Building Size

24,000 SF

Asset Type

Retail

Closing

May 17, 2018

AI

The property leased is located at 609 5th Ave, New York, NY, 10017. This location is situated within the New York market, offering a total of 24,000 square feet, with a rent per square foot set at $1,400.

Summary of transaction details:

Key individuals involved in this lease transaction include Greg Covey representing the tenant, Puma, and Jason Greenstone representing the landlord, SL Green Realty Corp. The transaction reflects the collaboration between JLL and Cushman & Wakefield in facilitating this lease agreement.

Players

Jason Greenstone

Cushman & Wakefield

Broker

11 deals

Broker
JLL
JLLBrokerage
SL Green
SL GreenLandlord

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

11330.71%

Cash-on-Cash

-3238.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93